Kraken Selected to Assist in Mt. Gox Liquidation, Investigation

Kraken Selected to Assist in Mt. Gox Liquidation, Investigation

Up and coming cryptocurrency exchange Kraken had some interesting news to deliver on Tuesday, noting that they have been chosen to help out in the liquidation and investigation of Mt. Gox, a Japanese bitcoin exchange that collapsed in spectacular fashion early this year (leading to the loss of hundreds of millions of dollars belonging to investors). On the Kraken blog, it was noted that the San Francisco-based exchange was chosen out of a number of exchanges, calling the process "extensive" and noting that they've been "thoroughly vetted." The exchange says the reasons they were selected....


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Kraken Selected for MtGox Investigation

Kraken Bitcoin Exchange. Bitcoin exchange Kraken has been selected to aid in the investigation of missing Bitcoin following the heist at the Mt Gox exchange. Kraken will also be involved in the distribution of remaining assets to the creditors. This decision was arrived at after an extensive evaluation process where multiple companies were considered and vetted. Kraken stood out for several reasons, chief among them being its proven track record in managing its exchange. The company has demonstrated stability and reliability in customer support. It also possesses sufficient expertise to....

Mt Gox Customers to receive Bankruptcy Distributions in Bitcoin

Mt Gox customers can now receive bankruptcy distributions in Bitcoin, among several other benefits by becoming a user of the cryptocurrency exchange Kraken. According to the San Francisco-based Bitcoin exchange's official blog post, Kraken has begun the process of accepting Mt Gox creditor claims and is offering up to $1 million in free trade volume per creditor as a bonus for claiming funds through Kraken. With the support of Kraken, the Mt Gox's trustee has been able to create a system which will enable customers to file bankruptcy claims and receive compensation via a smooth and simple....

Kraken to Assist in Search for Missing Mt Gox Bitcoins

Kraken's Ayako Miyaguchi (left with mic), Jesse Powell (centre with mic), and Mt Gox bankruptcy trustee Nobuaki Kobayashi (right). Digital currency exchange Kraken announced today that it has been chosen to support the investigation of Mt Gox's missing bitcoins, manage the claims process and distribute the defunct company's remaining assets to creditors. The announcement was made at the second hearing for Mt Gox creditors held today at Tokyo's District Court. Speaking at a press conference following the hearing, Kraken CEO Jesse Powell said he was "very humbled for the opportunity to help....

Kraken Accepting MtGox Bankruptcy Claims and Giving Free Trade Credit

So, I have spent the last few days at the Kraken headquarters in San Francisco with the legendary Jesse Powell, who I interviewed for the Bitcoin Knowledge Podcast, and the rest of the team and there is some very exciting news about the $500m MtGox bankruptcy. We discussed some of the logistics during the interview but there is even more actionable stuff, as discussed in the trustee letter, you can do today to claim your money! Kraken Now Accepts MtGox Creditor Claims Through Website, Offers Free Trades. SAN FRANCISCO, CALIF. - APRIL 21, 2015 - Kraken, a San Francisco-based Bitcoin....

Kraken Announces ‘Significant Progress’ with Mt Gox Claims

SAN FRANCISCO, CA – Kraken has announced significant progress in the Mt Gox liquidation. Back in November of 2014, the exchange began the process of assisting the Tokyo district court-assigned trustee in the case and has been handling the claims. Out of 9,863 persons who filed Bitcoin-only claims, 7,952 claimants have so far been approved. When the exchange offered to aid the bankruptcy liquidation process, managing director of Kraken’s Japanese operations, Ayako Miyaguchi, told reporters,”We hope to revive bitcoin’s reputation and create a healthy market for it, ultimately leading to....

Quotes

Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.

Satoshi Nakamoto, Bitcoin Developer