Court denies four late crypto-loss claims
The court denied requests by Ooi Swee Cheng, Lim Sau Fan, Daniel Dubec and Christopher Moulton to file crypto-loss claims after the May 16, 2025 extended bar date. The denial order adopts the reasons stated at the July 8 hearing and directs Kroll to modify the claims register accordingly.
The ruling protects the Plan Administrator’s effort to close claims reconciliation and begin distributions without reopening the pool for these claimants. In the Plan Administrator’s omnibus objection, the administrator said approximately 9,577 claims had been allowed and initial determinations had been issued for roughly two-thirds of the pool; adding late claims would delay final reconciliation and distributions to timely filers. The court’s denial therefore reinforces enforcement of the crypto-loss bar date against international residence, participation in separate Singapore litigation and unsupported incapacity explanations.