Say goodbye to your funds. First you get scammed by cryptopia, then you get scammed by liquidators and finally, if court accepts this point, you get scammed by NZ judicial system.
This saga has been dragged out for far too long. At the end of the day, investors have lost money and all they want is to get it back. Some investors will not give their identify for KYC therefore those funds can be recycled back to the recovered funds pot and be used towards those that will give KYC. Instead, all we here is more drama from the liquidators and Courts.
There should be a limit as to how much any liquidator or administrator is allowed to take for themselves because there is not an endless pit of Cryptopia funds. They are
still trying to recover funds and the costs associated are simply going to take away a large amount of victims compensations whenever they will be made.
I agree, this shouldn't take that long. And if it's going to take that long, there should be an explanation of why it's taking so long.
This week NZ court will decide if they accept how they're going to give us back our funds. Let's hope we get back our funds before 2024.