I also received such email but i doubt its legitimacy because i receive emails from "
no-reply@cryptopia.co.nz" way back on month of august regarding the claimant portal and other subjects, so why they use such different emails to notify their users.
I think the email is genuine in the sense it is from Principality of Cogito and they have contacted all those that had accounts with Cryptopia. How they were given the email addresses? Somehow they must have approached Grant Thornton with this idea and somehow they convinced them to hand over email addresses (which might actually be in breach of some data protection laws).
There was an eerily quick follow up email by GT which bordered on rambling followed by a second email from the above essentially reiterating the offer.
IN A NUTSHELL (their words, not mine): are owed less than $500 in dust - take the offer. Are owed more than $500 in crypto, take your chances with GT who are (again, their words) draining the funds with their fees.
Do you think there is something in this for Grant Thornton apart from the obvious moving along of Cryptopia victims?
My prediction is that in the results of the trial you will get the right to return your money, regardless of the claim verification process, this situation is actually in your favor. Then, a company comes along and offers a $0 token, the situation changes back to 50/50 odds.
To convince you: With that kind of fundraising method, will the token become viable? I think many former Cryptopia users don't want to take on this uncertainty.
If Cryptopia victims with c.$500 were able to exchange their outstanding funds for $500 of COG on the understanding they could cash out immediately and get that $500 COG in BTC, they would probably do it immediately.
Even those with higher owed amounts would probably do it but right now COG is worthless therefore they would have to reject this offer.