DKB, Deutsche Kreditbank. Back in the days, there were stories about them randomly closing accounts interfering with bank accounts tied to cryptocurrencies, and since I have my main bank account with them where my salary et al goes, I sometimes tend to be proactive in such matters, even though I really hate that since it's none of their business really, and it feels a bit like anticiipatory obedience on my end. But what I hate even more is having a randomly closed bank account and dealing with the inevitable aftermath when the payments to those who managed to secured a slice of my monthly pie don't go through, anymore. As we say here in .de, "Einen Tod muss man sterben" ("pick your poison").

tl;dr: DKB.

Some two hours ago, I had the idea to write to my bank and tell them about the incoming transfer from across the lake, adding the link to sec.gov articles + the KCC website, so they see it's "something official". And just now, I checked my bank account and boom, it's there. Paid ~1.0285 USD → EUR conversion rate, which I guess is okay. So that's it, waiting is over and the fund did its thing, proving that sometimes, you can find real treasures in the junk (folder of your email account). Cool.

When exactly did you receive that email? Because I received mine before the weekend already, and I'm wondering if that email is actually sent when the payment is initiated or if we all received it at the same time.
Btw, mine was in spam folder, again.

Yea I do remember. Was mostly in the BTC-e trollbox though, casually on Polo, too. It sure was funny, but at some point, I disabled it because it interfered in a not so beneficial way with my onsite gambling

Still didn't receive funds. Might be because I'm at the end of the list, or because DKB bank somehow forgot how to do fast transfers. Even Euro withdrawals from Kraken (which used to be near instant in 90% of times) now take up to 3 days if you initiate a withdrawal on, say, Friday evening... and I was hoping that the days where banks hold our nonsense fiat money ransom just to create friction in the process were over, what a naive thing to think ^^

Are they still with January 14th or did they extend the sending period, does anyone know?

Never used Vircurex and LocalBitcoins because they were not popular here. But I started on bitcoin.de in 2012 and after the birth of shitcoins and, later on, the ever growing Altcoin Seasons, I also used Cryptsy, Bittrex and Polo. Never forget Tristan's boss move of dumping Polo on Justin Sun's sorry ass, right at the top. The best trade of all, even though it was obvious that this would mark the beginn of Polo's downfall, quickly followed by Bittrex who imo became a casualty of an ever growing arrogance towards their users.
Still remember the fontas pumps on BTC-e. Man, this guy taught me my first lesson. 20 BTC taken, poof, gone.Then chat moderator bumface created his own shitcoin which wasn't even traded on BTC-e. What a time. I feel I was quite a bit younger, back then, lol

But "a good percent", that's a good chunk, well worth waiting for. 👍

Yes! This roughly aligns with my memory... that they offered PayPal initially, but later on, I had to provide an actual bank account, which came with a sigh of relief, because using PayPal for distribution of such a thing sounds like a terrible idea and is very likely to end up in a huge clusterfuck, landing the KCC / Fund Admin right in a support hell he will still tell his grand-grandchildren about. Just imagine dealing with a few thousand annoyed crypto users, with a considerable amount of users who think that their 15 Dollar claim which put their PayPal account on hold (because a transaction contained an evil crypto term) entitles them to treat that poor guy behind the screen (who likely never dealt with crypto users before and now gets to experiences the full force of their wrath compressed in a timeframe of three days) like literal shit... This is how I imagine hell, if it really existed. ^^

So I hope my memory also serves me right (since I find no communication in my mails where I gave them bank account details)... either way, it's gonna work out, eventually.
Edit: misread your reply a bit, nvm... got it right, now
Lmao holy shit! Is the conversion loss a "visible" chunk of the total amount? That amount sounds kinda worrisome, almost in any case. But then again, my claim is around 0.1% of the overall fund, and considering I expected almost nothing (because I never felt like I contributed that much to the overall Polo volume on any market)... and expecting at best some change, a minor percentage of the theoretical size of the claim and how hearing we will receive a whooping 127% instead, I think whatever conversion rate to Euro they get, it should not be possible to reach amounts as low as my initial expectations.

Edit: just got a "Notice of Distribution" (of course in the spam folder 😂), and this shows an amount which should roughly match the 27% surplus described by others here... They now changed from Jan 8-13 to Jan 8-14... I'm already curious what the final end date will be ^^

yeah I've really just been joking. I've been in good contact with the fund administrator, we exchanged a number of mails and they did a good job helping me fulfill all the requirements, documents etc... plus, after the 2017-19 period, we moved AND my lastname changed due to marriage + kids... so generally in crypto, if someone tells you "yeah you need to send to a totally different address, oh, and the name also isn't the same, but trust me bro, we're the same person (and we look different because I had plastic surgery oknp", all alarm bells would ring like there's no tomorrow, but they helped me get all relevant documentation to provide proof and have everything ready for when the funds are sent. So yes, I'm convinced that everything will be fine.

Edit:
That said, the initial primary transaction method via PayPal was also one of the peculiarities around this. PayPal needs connection to a bank account anyway, so it was completely beyond me how anyone can genuinely request/require something like PayPal when distributing funds on behalf of the SEC. I mean c'mon, that's literally asking for trouble.
I know I had "chosen" PayPal initially, though I don't know if there was an actual choice or if nothing else was available. Now it's entirely possible that somewhere along the way, I switched to Bank Wire. Which I really hope I did... I'm not sure if I have the patience to deal with phone operators or support agents in general, these days. ^^

Or maybe at least they whitelisted this kind of transfer for the next couple days... man that would be awesome, a company actually making use of their brains to spare their customers completely unnecessary friction in the process. But I might be expecting too much here.

Congrats man. Also thanks for informing us that they were preparing payments a few weeks ago. Gotta admit, the +27% completely exceeds my expectations. Now all I have to do is wait until January 13th, because luck has this thing where it completely avoids me. A perfectly short line in the supermarket suddenly becomes a nightmare just because I chose to stand there; in the restaurant, I tend to receive my food when everybody else has finished and sure enough, they will finish the payments with my claim last. And then, PayPal will freeze my account, just for shits n giggles.

Just kidding, life is great and we're getting paid 😎🚀

Germany here, no incoming transfer as of yet. Can anybody else confirm the 27% surplus?

Cool. Can't wait for PayPal to freeze my account for "uncommon / suspicious activity" (because who would not expect criminal or deceptive practices when you receive payment from the US Govt ), so I can dig through whatever loads of bullshit they throw in my way and if everything works out, I may eventually access those funds before inflation reduced them to a slice of bread. ^^
Cynicism aside, I'm glad we're making progress.

If this is genuine, then this is good news.

20? Holy, damit kann man ja die komplette Pokerrunde ausstatten
Normalerweise hätte ich so eine Gelegenheit genutzt, um meine Dienste als Webentwickler anzubieten, aber a) merke ich, dass ich im "Alter" eher Gemütlichkeit bevorzuge und b) fällt mir das schwer guten Gewissens zu tun, wenn sich mittlerweile mit gut strukturierten Prompts auch schon verhältnismäßig komplexe Projekte mit AI umsetzen lassen.

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Oh and c) what also comes with age is the fact that I tend to forget that questions like this from aged present allyourbase:
…were already figured out and answered by younger past allyourbase:
Wasn't even much to scroll up. If somebody else was that ignorant and I'd have read it, I'd probably rant over such ignorance.

Sorry für's Ausgraben dieser Threadleiche. Gibt auch nix Wichtiges, bin neulich beim Aufräumen wieder auf die Rolle mit 25 Coins gestoßen und da ging mir durch den Kopf, dass mittlerweile immerhin acht Jahre vergangen sind und dass ich glaub ca. € 60 oder so dafür damals bezahlt habe und jetzt sind die Dinger zusammen schon € 2.500 wert. Gar nicht schlecht! Dass die BTC, die ich dafür bezahlt habe, zwischen 4x und 8x so viel wie die Coins wert sind (Stand jetzt bei 100.000) ist die eine Sache, aber hätte ich die Satori-Coins nicht und stattdessen die BTC behalten, hätte ich die garantiert irgendwo verzockt oder anderweitig ausgegeben. Aber die Satori-Coins sind mir irgendwie zu schade zum Aufrubbeln oder gar (Anm. d. Red.: ich weiß, ich bin ein schlechter Mensch, Haupt auf mein Asche ) zum Verschenken! Wobei das auch ein schönes Geschenk für die eigenen Kinder ist, zum 18. oder wenn die irgendwann mal ausziehen... 🤔

Laber laber, ich schweife ab. Was ich eigentlich fragen wollte: hat noch jemand hier seine Coins von vor acht Jahren?

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Und... war der Thread mal im Deutschen Teil des Forums? Wundert mich gerade, dass der Deutsch anfängt und dann plötzlich ins Englische übergeht.

                                                                                 
Oh well... almost feels like "home", business as usual in Cryptoland. Seems the Normies™ start taking a leaf out of our book

We can assume all kinds of things... that said, I'm not really familiar with the SEC and its inner workings. But if what you describe is considered normal, then I really wonder why they are somehow unable to do their work as they're expected to. I think I will compile yet another email, asking for the reasons for yet another delay. Tbh that is something I got really annoyed by: yes, you get replies to your emails written by an actual human, and yes, they "answer" your questions. But they always do it in a way which leaves this feeling that I know nothing new after reading. It's always the most general replies you can give, nothing concrete, no dates, no reasons, only "we have no updates, you will get notified if anything changes and we can't tell you when <thing I asked them> or <another thing I asked> is due." And no official updates whatsoever over very long periods. When I remember that their first email went straight to everybody's spam folder, I can only wonder...

So, from what I understand, the release of the funds has just happened with the update from a couple days ago (edit: seems not, just the instruction to release, right?). And the documents state that they will make payments within ten days, which, according to the quoted reply above, has now become "within ~30-40 days"?
Yes, it sucks and I'd prefer earlier rather than later, too. But imagine sending 5 million dollars in transactions between 9 and (I'm guessing here) 50.000 dollars. Since the lower end usually has the most users, it's very likely a fuckload of payments to make. I would not wanna be responsible for that, let alone plan this around the other everyday business stuff or actually sending the funds to each and every user.
My impression (from former communication, their oldish website, their mails sometimes gotten flagged as spam etc), I doubt that they have an automated implementation of the process where they press the "send funds to all users" button and all is done in an instant. So for now, I suggest to not mass spam their mailboxes. Maybe someone ask "wen lazy dev giebs money for muh femeleh" (maybe better phrasing than mine here) and then we might get a reply without further delaying the process with mails which have little chance of success to finish this earlier.

I think I've read somewhere that aside from interest (thanks for the explanations FairFundEnjoyer and Qutays... turns out the math is much simpler than I expected; it was just late last night and I forgot about the total fund size, but with that in mind, it's pretty obvious), we can not expect more than our personal claim's amount if there is any residual money. I fed my local Quivr installation with the court documents and when I asked it this very question, it more or less confirmed that and it said that getting paid more is generally unlikely because the purpose is to make harmed users whole again, not to turn in a profit. Leftover money normally goes back to the treasury.

But keep in mind that this information comes from an AI, and while it sounds like it makes sense, it can just as well be wrong, generally or in this particular case.

Nice! Thanks kind stranger who likely only registered to deliver this great piece of news.

Gotta admit, I'm not used to so much good news in such a short period of time... After well over a decade of field training in "if it sounds too good to be true...", it almost feels wrong that something just works out in crypto, and it doesn't just work out, no, it works out very well, exceptionally well even, considering Xmas 🎄🎁 is right around the corner and all that.

Anyway. Praise the Fund Admin. Praise! \o/

Edit: re:105% - where did you get the info that the fund's size exceeds the total $ amount of claims? I think I've read the PDF (lol), but couldn't find any details in it regarding that. Just wanna make sure I didn't overlook anything because lawyer speak isn't my native language and English is neither, so these kinda of documents are sometimes a pain to read.

But it really seems to only mention that the transfer of the 4.58kk was authorized...

I don't know much about these kinds of things, so my naive idea was that Polo screwed something up and was told to pay an arbitrary amount of money which was then decided to use as payment for the issue at hand. And after lawyers took their cut of, and I may be exaggerating a bit here, 50-90%, we receive whatever's left if transaction cost isn't higher than the returns. But yeah, probably makes sense that there is a connection between the fine and our pay.

Yes and no. I wrote them and they told me there was no update (so the news is, there is no news lol), but they are planning to send payments around the end of this year and we will get notified if there is any update.

I'm assuming that this is from official sources, too? If that is the case, then this is absolutely wonderful news, actually the best news I've had in some time. This exceeds my expectations by far, because with all the craze going on in the timeframe in question and how popular shitcoins were, these days, my guess was more in the ballpark of 1-5% of our actual claims. So even 40% would be a very welcome pay.

And if payments are planned for the coming months, then this is like Christmas, birthday and Altcoin Season all at once

Edit, there probably isn't an option to receive the payment in Bitcoin at 2017 - 2019 prices...? 😂😂😂