Its pretty obvious what Grant Thornton is trying to do. They're trying to claim the database is inaccurate and that the customers can have whatever is left in the wallets.
That means Grant Thornton and the Cryptopia thieves can drain most of the wallets coins and claim the database was off on its calculations. It just gives them room to steal the over 90% of the coins that should still be in the wallets.
We know the database is 100% accurate. It was maintained precisely by the Cryptopia staff. We also know that to calculate how much each coin the users own in the database and comparing it to the coins wallets is very simple.
You would just execute very simple sql commands to specify the total amount that users own for each coin and do a quick comparison with whats left in the wallet. I'm assuming they used a sql database. It could be any database and that database would have its own set of database commands.
This is not Mt Gox which lost 100% of their coins. Cryptopia lost between 5% to 10% of the coins on the site. The judge better see through the nonsense that Grant Thornton is doing and put an end to it fast.
The New Zealand judge is just letting them get away with absolute criminal level behavior. Grant Thornton hasn't contacted any of the developers to make sure the coins binaries are up to date so they can be withdrawn.
They haven't secured the coins to prevent future coins from being hacked and stolen. They've sold some office chairs and computers and charged 1 million for something that can be done by grade school teenagers in a couple days.
We need some experts to explain to the judge and point out all the nonsense Grant Thornton has been up to. The judge needs more than just legal arguments he needs to know exactly how everything works.
Right now he's just getting the wool pulled over his eyes by Grant Thornton. They're just snowballing him him with lies because they know the judge doesn't have a clue about how cryptocurrency works.
Totally agree. Binance captured a HUGE amount of the stolen funds and said they would return them
This judge is likely some old fool who has no clue about these theives and scammers activities.
Or is on the payroll
What a scam. I hope investors are not going to bend over foe grant Thorne and the cryptopia theives.
Best to bring in another legal team that will get to the bottom of this even if they want a slice of the recovery.
The recaptured funds by binance is where exactly now? Was it 500 btc or more?
This grant Thornton piece of shit company are going to drain this pot for themselves and cut the cryptopia crooks and judge in too I expect. Their "fees" are likely exorbitant.
