"Cryptsy Class Action Settlement Update:
On June 2, 2017, the Court granted final approval to the class action settlement. A copy of the Order approving the settlement is posted on this website. In granting final approval, the Court has authorized the Court-Appointed Receiver and Class Counsel to complete the liquidation of assets that comprise the settlement fund. We expect this process to be complete by the fourth quarter, 2017. Once this process is complete, the parties must file with the Court a motion that provides the results of this process and seeks the Court’s authorization to disburse the Settlement Fund in accordance with the Class Action Settlement Agreements.
At the same time, the Claims Administrator and Class Counsel are reviewing the claims submitted by Settlement Class Members.
We expect to start distributing the Settlement Fund in the first quarter, 2018. If this changes, we will post additional updates here."
On June 2, 2017, the Court granted final approval to the class action settlement. A copy of the Order approving the settlement is posted on this website. In granting final approval, the Court has authorized the Court-Appointed Receiver and Class Counsel to complete the liquidation of assets that comprise the settlement fund. We expect this process to be complete by the fourth quarter, 2017. Once this process is complete, the parties must file with the Court a motion that provides the results of this process and seeks the Court’s authorization to disburse the Settlement Fund in accordance with the Class Action Settlement Agreements.
At the same time, the Claims Administrator and Class Counsel are reviewing the claims submitted by Settlement Class Members.
We expect to start distributing the Settlement Fund in the first quarter, 2018. If this changes, we will post additional updates here."
I wonder what the average payout will be for those that registered for the class action on time
I already did the math and it's somewhere north of U$250 (average).
I dont think its going to be even split between users. It will be based on shares of loss. so if user a lost 2 BTC and user B lost 1 btc, one share would be paid to user b and 2 shares to user a...
What bothered me was the part where they said any non distributed funds would be given to charity. Are you kidding? There should not be any. The lawyers are taking 33%... and the numbers wont add up for all the losses.
Where did you see the Part About non-distributed funds being given to Charity?
I remember readon it in the paperwork, but cant remember where. Anyone remember seeing this or I am just high again?
Probably! There won't be anything left over if they pro-rate the pay-outs.
