You can read the latest Receiver report update (oct 25) what the issue is according to the Receiver :
"Finally, the funds deposited at EPIB main bank accounts held with the correspondent bank were received by the undersigned. By this date all bank accounts in custody of the trustee have been reconciled and remain deposited at Axos Bank. Despite progressing significantly in the customers’ accounts reconciliation, we remain working in this process with the assuming entity. All customers should know that there have been no distributions︀ nor transfers of funds to any customers by the trustee nor the assuming entity. Until︁ this reconciliation process is completed and approved by the Office of the Commissioner, all customers︂ remain in the same condition, that is awaiting the commencement of the liquidation process. Opt-Out︃ customers should be advised that the notices required by the Office of the Commissioner of︄ Financial Institutions have not yet been released. Once the reconciliation is finalized and approved by︅ the Office of the Commissioner of Financial Institutions, we will be in a position to︆ set an official migration date, which will be communicated to the customers accordingly".
