Saturday, July 23, 2016

Liquidation - Phase 1: July 23rd, 2016 to July 22nd, 2017

The first round of withdrawals have been sent. Depositors were considered "active" and eligible for priority in this round if they were online any time from June 4th, 2016 to July 4th, 2016. Players who resume activity going forward will be eligible for subsequent rounds of withdrawals. The Bank is not in a position to estimate the schedule of these rounds - each will be made when sufficient meat is at hand and the time is available for carrying out the withdrawal process.

Active accounts in excess of 200m have received an initial withdrawal capped at 200m. This ceiling ensured equal priority for all active players given the Bank's meat on hand. Subsequent withdrawals of up to 200m will be sent repeatedly to these accounts every round until they are fully withdrawn.

---

The first round of withdrawals was sent on July 23rd, 2016 to all accounts that were active at any time from June 4th to July 4th, 2016.

The second round of withdrawals was sent on November 19th, 2016 to all accounts that were active at any time from September 1st to November 17th, 2016.

The third round of withdrawals was sent on January 15th, 2017 to all accounts that were active at any time from November 18th, 2016 to January 14th, 2017.

The fourth round of withdrawals was sent on March 18th, 2017 to all accounts that were active at any time from January 15th, 2017 to March 7th, 2017.

The fifth round of withdrawals was sent on June 23rd, 2017 to all accounts that were active at any time from March 7th, 2017 to June 16th, 2017.

A makeup round of withdrawals to conclude Phase 1 was sent on August 18th, 2017 to all accounts that had not yet received a withdrawal but were active at any time in 2016, the year liquidation began, up until July 22nd, 2017, the end of the first year of liquidation.