Post
Topic
Board Service Announcements
Re: Cryptopia Cryptocurrency Platform Services and Development
by
sisquo2121
on 04/02/2020, 22:52:59 UTC
The NZ court needs to understand how serious its decision is; Because if the NZ court decides to let Cryptopia steal all the customers coins, then they will be losing possibly billions of dollars in tax revenue in the future when cryptocurrency becomes 1000 times bigger in 5 to 10 years.

Nobody will ever use a NZ exchange to store their cryptocurrency, and they'll cost the NZ government a lot of money in future tax revenue, and that will be a horrible precedent to be setting.

If they allow Cryptopia to steal the coins, they'll be telling cryptocurrency investors to stay away from New Zealand, because, if you leave your coins in a NZ exchange, they're as good as gone.

The NZ court must declare the coins as property, and held in individual trusts for each user, as outlined in the terms and conditions.

Then the court should give a short time frame for the liquidators to give back the coins. At most a month to secure the coins and allow customers to log in and withdraw them.

They should not let the liquidators hold the coins hostage until they have racked up sufficient ransom fees before they release the coins.

This is the same as terrorists taking a plane hostage and demanding ransom money before the passengers are let go.

Our coins are being held hostage by these liquidation terrorists and they are demanding a certain amount of ransom fees before they return the coins to the customers.