Rubbish announcement, This update is just a smokescreen that we are not getting anything back. I already lost hope on getting a single penny on this demise. This will drag to the coming years until there's nothing left and lawyers happy.
Oh! another kyc compliance alibi for Cryptopia to integrate.This what makes more harder for its users to take their money back same as you said and im aint surprised and this is indeed a cover-up into their issues.
of course, it is called maximizing the profit.
some users won't bother.
some users will not receive KYC forms and then delay..delay..until some will not bother anymore and some will still pursue.
KYC are needed for larger amounts like 10,000 USD minimum or something around that. so crypto users are laundering 500$? 100$ worth of crypto? LOL
liquidators are vultures, what would you expect? click enable withdrawal button? they want money just like any business out there. Cryptopia thieves intentionally put those hyenas there so that the trail of missing/stolen funds obfuscate in the process.
Customers did not have individual wallets and it is impossible to determine individual ownership using just the keys in the wallets.
While Cryptopia held details of customer holdings and reported these on the Exchange, the crypto-assets themselves were pooled (co-mingled) in coin wallets. As a centralised exchange, users' trades would occur in the exchange's internal ledger without confirmation on the blockchain.
prepare for some good fucking from behind.
