What is the deadline?
| Date | What happens |
|---|---|
| 10 November 2026 | The court sets the deadlines (order, Doc. 339) |
| By 24 November 2026 | The debtors file amended schedules listing the coins in each Wallet account |
| Within 7 days after that | Verita sends each Wallet holder the bar date notices, the claim form and a statement of the coins listed for the account |
| At least 30 days before the bar date | A summary notice goes out in the Poolin Wallet app, on Poolin’s website and its official X, Telegram and WeChat accounts where they still work, and in crypto news outlets |
| 31 December 2026, 4:00 p.m. ET | General bar date for Wallet holders and most other creditors |
| 19 January 2027, 4:00 p.m. ET | Bar date for governmental units |
- The date can move later, not earlier. The order lets the debtors fix a later general bar date, about 45 days after the amended schedules and notices are served, by a notice on the court docket. Until such a notice appears, treat 31 December as the deadline.
- New York time. 4:00 p.m. Eastern Time is 5:00 a.m. the next day in Beijing and Singapore.
- Received, not sent. The claim must be “actually received” by Verita before the deadline. A postmark is not enough.
- Later changes. If the debtors change your entry in the schedules after the notice, you have until the later of the bar date and 30 days after they notify you. The same 30 days apply after the debtors reject a contract with you.
Who must file a Poolin claim?
The amended schedules will list, for each Wallet account, the type and quantity of each coin held in the account as of 11 November 2022, not counting IOU tokens. Verita’s notice shows what is listed for your account and whether the claim is marked disputed, contingent or unliquidated.
| Your situation | What to do |
|---|---|
| You agree with the coins and quantities shown, and the claim is not marked disputed, contingent, unliquidated or subject to offset | Nothing. The claim counts as filed, against all three debtors |
| A coin or a quantity is wrong | File by the bar date |
| The claim is marked disputed, contingent, unliquidated or subject to offset | File by the bar date |
| Your Wallet account is not listed | File by the bar date |
| You hold IOU tokens outside a Wallet account, for example tokens bought or received on-chain | File by the bar date. The schedules cover Wallet accounts only |
| You have another claim that is not based on your Wallet balance | File for that claim, even if the balance is right |
| You are an insider or affiliate of a debtor | File, with supporting documents |
| You already filed a proof of claim with Verita or the court | Nothing more, unless you disagree with what the notice shows. You may supplement your filing with the Crypto Proof of Claim Form by the bar date |
| Other creditors (suppliers, lenders, employees) | File on Official Form 410, in US dollars, unless you are listed correctly and without those marks |
- Two dates to compare. The schedules use balances as of 11 November 2022. The claim form asks for your holdings as of the filing date, 22 July 2026. If your balance changed between those dates, check the statement against your own records with extra care.
- The three debtors are Poolin Technology Pte. Ltd. (Case 26-18325), Lonestar Taproot LLC (26-18326) and Lonestar Dream Inc. (26-18327).
Where to file: Verita Global
- Online (recommended in the notice): the electronic filing interface at veritaglobal.net/poolin, in English and Simplified Chinese.
- By post or by hand: Poolin Claims Processing Center, c/o KCC dba Verita Global, 100 N. Pacific Coast Highway, Suite 100, El Segundo, CA 90245, United States. Allow time for international delivery. For proof of receipt, enclose a copy of the form and a self-addressed, postage-paid envelope.
- Not accepted: e-mail and fax.
- Language: English. Names, addresses and Wallet account identifiers may be written in Chinese characters.
- Questions: Verita at (877) 634-7165 (US and Canada) or +1 (424) 236-7221 (international), or the inquiry form at veritaglobal.net/poolin/inquiry. Verita cannot give legal advice.
- What does not count: an e-mail to Poolin, a support ticket, a message to the creditors’ committee, or anything filed in Singapore.
Which IOU token maps to which claim currency?
In September 2022 Poolin Wallet froze withdrawals and replaced balances with IOU tokens, one for one. They are ERC-20 tokens on Ethereum, allocated on 15 September 2022.
| IOU token | Coin Poolin owed |
|---|---|
| IOUBTC | Bitcoin (BTC) |
| IOUETH | Ether (ETH) |
| IOUUSDT | Tether (USDT) |
| IOULTC | Litecoin (LTC) |
| IOUZEC | Zcash (ZEC) |
| IOUDOGE | Dogecoin (DOGE) |
- You claim the coins. A proof of claim based on crypto must state the type and quantity of each coin as of 22 July 2026 and, where it applies, both the IOU token and the coin it stands for.
- No dollar value. The Crypto Proof of Claim Form says: “Do not provide a value for your cryptocurrency claim in any currency”. It has lines for BTC, DOGE, ETH, LTC, USDT, USDC and ZEC, and space for other coins.
- Valuation is not decided. The order leaves four questions open:
- the date as of which claims are valued;
- the prices or the method;
- whether a claim is measured by the IOU token or by the coin behind it;
- whether holders can be paid in crypto instead of dollars.
They will be settled in the Chapter 11 plan or by a later order. Any dollar amount in the schedules or on a form is “for administrative convenience only”.
- You lose nothing on these questions by doing nothing, by filing, or by accepting a dollar amount.
- The tokens themselves. Keep your IOU tokens where they are. A proof of claim never requires sending tokens, private keys or seed phrases to anyone.
Documents to prepare
- Wallet account identifiers: the registered e-mail address, mobile phone number and user ID. Verita uses them to match your claim to Poolin’s records.
- Proof of the type and quantity of each coin: screenshots of the Wallet account, account statements, transaction history or IOU records.
- A summary, if the documents are long. If you have no documents, explain why.
- Do not send: complete government ID numbers, full dates of birth or copies of ID documents, unless Verita asks for them. Never send private keys, seed phrases or passwords.
- Privacy. The public claims register shows a version of your claim without your address, e-mail, phone number and account identifiers.
How to file, step by step
- Wait for Verita’s notice by e-mail and SMS. It is due within seven days after the amended schedules, so by about 1 December 2026. If you no longer use the e-mail address or phone number registered with Poolin Wallet, contact Verita.
- Compare the coins and quantities in the notice with your own records, and check whether the claim is marked.
- If everything is right and unmarked, stop here. Keep the notice.
- If not, open the Crypto Proof of Claim Form on veritaglobal.net/poolin. Enter your name, your contact details and the number of each coin. Leave the dollar value out.
- Do not worry about the debtor. One Crypto Proof of Claim Form counts as filed against all three debtors, and a form that names no debtor is treated as filed against Poolin Technology Pte. Ltd.
- Attach your proof and sign. The form is signed under penalty of perjury.
- Submit before 4:00 p.m. ET on 31 December 2026, and keep the confirmation.
Common mistakes
- Not checking the statement. Doing nothing is safe only if the coins and quantities are right and the claim is unmarked. Otherwise the claim is limited to what is listed, or barred.
- Filing only in Singapore. Poolin Technology is a Singapore company, and some Wallet holders have sued it there and in the US. The High Court of Singapore has recognised the US Chapter 11 case, accepting that Poolin’s centre of main interests is in the US (reported on 20 October 2026). Under the order, the only earlier filing that counts is a proof of claim already filed with Verita or with the clerk of the US court.
- Relying on an old ruling. In October 2022 an arbitrator in Singapore ordered Poolin to return part of one customer’s funds. That ruling concerned that customer only.
- Assuming someone files for you. The official committee of unsecured creditors, whose members are Wallet holders, represents all unsecured creditors as a group. It does not file individual claims.
- Missing the deadline by a time zone, or trusting the post in the last week.
- Sending the form by e-mail or fax. It will not be accepted.
- Entering dollars instead of coins.
- Paying a “helper” or sharing keys. Filing is free, and nobody needs your seed phrase, your password or your IOU tokens to file a claim.
What happens if you miss the bar date
- You are barred for good from asserting the claim against the debtors, voting on a plan, sharing in any distribution and getting further notices about it.
- One exception: a claim listed in the amended schedules as undisputed, noncontingent and liquidated stays as listed, even if you file nothing.
- Late claims can be treated as timely only if the debtors agree, with the committee’s consent, or the court orders it. Do not count on it.
What happens after you file
- Your claim goes on Verita’s claims register, with your personal data removed.
- The debtors and the committee review the claims. They can object to a claim they think is wrong. You would get a notice with a deadline to respond, so keep your e-mail and phone number current with Verita.
- Payments come under a Chapter 11 plan, and none has been filed yet. On 30 October 2026 the debtors asked for more time to propose one (Doc. 322). The plan or a later order will also settle how the claims are valued.
- The money. The court approved the sale of Poolin’s Texas sites to Hut 8 affiliates on 2 October 2026 for up to $180 million: $100 million at closing and up to $80 million in milestone payments. On 4 November 2026 Hut 8 said closing is expected as early as the fourth quarter of 2026. On 10 November the court also approved procedures for selling the remaining miscellaneous assets (Doc. 338).
- No payout date has been set. Case events and our estimate of timing.
Selling the claim instead: before or after filing
You can sell a Poolin claim at either stage. A sale does not change what has to be filed: if the claim is listed correctly and unmarked, nothing needs filing; if not, someone must file by the bar date.
- Before a proof of claim is filed. Under Bankruptcy Rule 3001(e)(1), the buyer can file it. The claim form asks whether the claim was acquired from someone else. Agree in the contract who files and by when.
- After it is filed. Under Rule 3001(e)(2), the buyer files evidence of the transfer. The court clerk notifies the seller, who has 21 days to object. After that the buyer is the holder of record.
- What a buyer needs: Verita’s notice for your account or your filed claim, your Wallet records, and proof that the account is yours.
- Paxtibi buys Poolin claims. We review claims of $100 or more and typically reply with a written quote within 24 hours. How selling works.
- Check any buyer first. How to verify that a claim buyer is legitimate.
Our take
For most Wallet holders this order is better than expected. The debtors must list your coins and send you the result in English and Chinese, and you do nothing if it is right. The hard questions, how the coins are valued and whether payment comes in crypto or dollars, are left open and not decided against holders. The order was revised after the creditors’ committee raised an informal objection.
The risk sits with holders who never see the statement or do not check it. Watch your e-mail and phone in late November and early December, compare the statement with your records, and file before 31 December if anything is off. If you would rather not wait for the plan and the payments, compare offers for your claim.
FAQ
When is the Poolin bar date?
The general bar date is 31 December 2026 at 4:00 p.m. Eastern Time, set by the court's order of 10 November 2026 (Doc. 339). The debtors may fix a later date by a notice on the docket. Governmental units have until 19 January 2027.
Do Poolin Wallet holders have to file a proof of claim?
Not if you agree with the type and quantity of each coin shown in the notice from Verita Global and your claim is not marked disputed, contingent or unliquidated. You must file by the bar date if a coin or quantity is wrong, your account is not listed, the claim is marked, or you have another claim.
Where do I file a Poolin claim?
With the claims agent, Verita Global: online at veritaglobal.net/poolin, or by post to Poolin Claims Processing Center, c/o KCC dba Verita Global, 100 N. Pacific Coast Highway, Suite 100, El Segundo, CA 90245, United States. Filing is free. E-mail and fax are not accepted.
I already made a claim in Singapore. Do I need to file in the US case?
A lawsuit, an arbitration or a letter to Poolin in Singapore is not a proof of claim in the Chapter 11 case. Check the notice from Verita Global: if your coins are listed correctly and unmarked, you need do nothing; otherwise file by the bar date.
Do I state my Poolin claim in dollars?
No. The Crypto Proof of Claim Form asks for the type and number of coins and says not to give a value in any currency. The court has not decided the valuation date, the pricing method or whether payment will be in crypto or dollars.
Can I sell my Poolin claim before filing a proof of claim?
Yes. A claim can be sold before or after a proof of claim is filed. If it is sold before, the buyer can file the proof of claim; if after, the buyer files evidence of the transfer with the court.
Sources
- Order (I) Setting Deadlines for Filing Proofs of Claim, (II) Approving the Form and Manner of Notice Thereof, and (III) Granting Related Relief, 10 November 2026 (Doc. 339), with the bar date notices and the Crypto Proof of Claim Form
- Debtors’ motion to set deadlines for filing proofs of claim, 16 October 2026 (Doc. 300)
- Verita Global, Poolin case site
- Official Committee of Unsecured Creditors, information for creditors
- First-day declaration, 22 July 2026 (Doc. 2)
- Global Restructuring Review, “Poolin Technology secures Chapter 11 recognition in Singapore”, 20 October 2026
- Sale order, 2 October 2026 (Doc. 280)
- Hut 8, “Hut 8 Reports Third Quarter 2026 Results”, 4 November 2026
- PoolinWallet, announcement of 13 September 2022 on IOU tokens
- CoinDesk, “Singapore Arbitrator Rules Against Mining Software Firm Poolin’s IOU Model, But the Firm Hasn’t Paid Yet”, 6 January 2023
- Federal Rules of Bankruptcy Procedure, Rules 3001(e) and 3003(c)
Disclaimer: this article is for information only and is not legal, tax or financial advice. Paxtibi buys bankruptcy claims and has a commercial interest in Poolin claims.
