|
Title: Kraken to honor Mt. Gox bitcoin claims Post by: yellowpage09 on April 24, 2015, 02:16:50 AM Kraken, a San Francisco-based bitcoin exchange, has agreed to be a trustee and help the victims of the collapse. It's been more than a year that reported a loss of 850k BTC due to theft, fraud, negligence and mismanagement. The creditors of will be required to create Kraken accounts for distribution of bitcoin by the trustee.
"We see our involvement in this process as an opportunity to restore faith in the community by showing what we need more of in the Bitcoin space - trusted leadership," said Kraken CEO Jesse Powell. "We're dedicated to delivering an exceptional experience. What is that? It's fast execution and reliable service - all done over a secure platform. Whether you're a long-standing client or trying us for the first time, we're committed to putting your best interests first. That's our philosophy. It's simple. Put people first." At present, the exchange is accepting claims up to $1 Million in free trade volume per creditor as a bonus for claiming funds through it, irrespective of location. "Thanks to Kraken, filing of claims can be done through their system," said the MtGox trustee. "We expect this to enable smooth filing of bankruptcy claims and distributions." (Source: http://fxwire.pro/Kraken-to-honor-Mt-Gox-bitcoin-claims-28640) Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: AT101ET on April 24, 2015, 11:43:59 AM I may have missed something, but why are Kraken doing this exactly?
Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: Lauda on April 24, 2015, 11:45:13 AM I wonder what the secret reason for this is? You don't usually see someone giving back millions from their own money, millions that someone else stole.
Let's see how this turns out, maybe Kraken is really just run by a 'good guy'. However someone needs to put Karpeles in prison. I'm pretty sure that a lot of people would be happy even without their money (many have probably accepted that it is gone). Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: AtheistAKASaneBrain on April 24, 2015, 12:31:11 PM I wonder what the secret reason for this is? You don't usually see someone giving back millions from their own money, millions that someone else stole. Let's see how this turns out, maybe Kraken is really just run by a 'good guy'. However someone needs to put Karpeles in prison. I'm pretty sure that a lot of people would be happy even without their money (many have probably accepted that it is gone). I still don't get how Karpeles got away with it without any consequences. And about Kraken being the good guy I don't think so. It's a business after all which means they are surely getting some sort of profit by doing that. I actually remember reading some dodgy shit about Kraken but I can't remember what It was. I think I saw it on Reddit. Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: WhatTheGox on April 24, 2015, 12:33:20 PM I may have missed something, but why are Kraken doing this exactly? Promotion would be number 1 reason it seems. Most of the time trading companies are just looking to get people through the door for 5 minutes and process a trade or 2. If 10% of people come back to trade again that is huge for kraken. Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: bennybong on April 24, 2015, 02:23:36 PM Logged in to mtgox to start filing my claim. Changed password, forgot password. Damn.
What do I do now? File my claim offline? Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: ashour on April 24, 2015, 02:38:15 PM I wonder what the secret reason for this is? You don't usually see someone giving back millions from their own money, millions that someone else stole. Let's see how this turns out, maybe Kraken is really just run by a 'good guy'. However someone needs to put Karpeles in prison. I'm pretty sure that a lot of people would be happy even without their money (many have probably accepted that it is gone). I still don't get how Karpeles got away with it without any consequences. And about Kraken being the good guy I don't think so. It's a business after all which means they are surely getting some sort of profit by doing that. I actually remember reading some dodgy shit about Kraken but I can't remember what It was. I think I saw it on Reddit. Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: xDan on April 24, 2015, 03:27:22 PM I may have missed something, but why are Kraken doing this exactly? You haven't missed anything, they aren't doing it, at least not honouring entire claims. Title is misleading. What they are doing, is handling reimbursement of the 200K BTC that was "found". I.e. users may get back ~20% of their funds. Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: Remember remember the 5th of November on April 24, 2015, 03:28:27 PM So, I am not sure what % people will get back, but I assume that we will have a lot of selling of those recovered BTCs.
Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: WhatTheGox on April 24, 2015, 03:31:09 PM Logged in to mtgox to start filing my claim. Changed password, forgot password. Damn. What do I do now? File my claim offline? Can i ask what is making you to decide to do the claim direct on mtgox website and not kraken? Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: Lauda on April 24, 2015, 03:31:20 PM I still don't get how Karpeles got away with it without any consequences. And about Kraken being the good guy I don't think so. It's a business after all which means they are surely getting some sort of profit by doing that. I actually remember reading some dodgy shit about Kraken but I can't remember what It was. I think I saw it on Reddit. This probably is a PR marketing action by Kraken. More users will trust them because they are the good guys who try to give the users their bitcoin from mt.gox, but hey probably have an other plan in their minds.So, I am not sure what % people will get back, but I assume that we will have a lot of selling of those recovered BTCs. Not necessarily, but it is possible. They could sell but would lose a lot of the potential value.Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: visual111 on April 24, 2015, 03:32:09 PM I may have missed something, but why are Kraken doing this exactly? Promotion would be number 1 reason it seems. Most of the time trading companies are just looking to get people through the door for 5 minutes and process a trade or 2. If 10% of people come back to trade again that is huge for kraken. Doesn't seem like they would net a profit by doing this, but maybe they get more traffic than I think Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: xDan on April 24, 2015, 03:35:02 PM OP article is nonsense guys...
Read this: https://www.reddit.com/user/jespow https://www.reddit.com/r/Bitcoin/comments/33fs3u/kraken_accepting_mtgox_creditor_claims_and/ Quote If you've read the recent Wizsec report on the missing coin, you probably would not expect to receive any more than 20% back. Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: WhatTheGox on April 24, 2015, 03:36:03 PM So, I am not sure what % people will get back, but I assume that we will have a lot of selling of those recovered BTCs. I know i wont be, think im something like $10k down if i sold, i will hold for a long time, im waiting out for many thousands on the bitcoin tbh, current prices are waste of time. Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: Beliathon on April 24, 2015, 03:41:07 PM I may have missed something, but why are Kraken doing this exactly? You haven't missed anything, they aren't doing it, at least not honouring entire claims. Title is misleading. What they are doing, is handling reimbursement of the 200K BTC that was "found". I.e. users may get back ~20% of their funds. Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: bitcool on April 24, 2015, 03:46:48 PM I may have missed something, but why are Kraken doing this exactly? You haven't missed anything, they aren't doing it, at least not honouring entire claims. Title is misleading. What they are doing, is handling reimbursement of the 200K BTC that was "found". I.e. users may get back ~20% of their funds. Even they are only handling the distribution of "found" coins, that still requires investing certain amount of resources and efforts. I applause some one is taking up this responsibility. Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: WhatTheGox on April 24, 2015, 03:56:48 PM I may have missed something, but why are Kraken doing this exactly? Promotion would be number 1 reason it seems. Most of the time trading companies are just looking to get people through the door for 5 minutes and process a trade or 2. If 10% of people come back to trade again that is huge for kraken. Doesn't seem like they would net a profit by doing this, but maybe they get more traffic than I think Everyone used to trade on gox, out of the guys who were smart enough to get out in time(not me) many of them still seem to have some coin left in gox when it went down. The higher price trapped people. Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: Remember remember the 5th of November on April 24, 2015, 04:14:45 PM So, I am not sure what % people will get back, but I assume that we will have a lot of selling of those recovered BTCs. I know i wont be, think im something like $10k down if i sold, i will hold for a long time, im waiting out for many thousands on the bitcoin tbh, current prices are waste of time. Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: Amph on April 24, 2015, 04:26:02 PM there is already a topic that is discussing this(actually two or more) why you opened another?
https://bitcointalk.org/index.php?topic=1034486.0 https://bitcointalk.org/index.php?topic=1034438.0 Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: alani123 on April 24, 2015, 05:15:17 PM I wonder what the secret reason for this is? You don't usually see someone giving back millions from their own money, millions that someone else stole. Let's see how this turns out, maybe Kraken is really just run by a 'good guy'. However someone needs to put Karpeles in prison. I'm pretty sure that a lot of people would be happy even without their money (many have probably accepted that it is gone). I still don't get how Karpeles got away with it without any consequences. And about Kraken being the good guy I don't think so. It's a business after all which means they are surely getting some sort of profit by doing that. I actually remember reading some dodgy shit about Kraken but I can't remember what It was. I think I saw it on Reddit. Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: chaoman on April 24, 2015, 05:23:18 PM Karma will get him. You dont just piss off an international community without reprecussions.
Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: minerpumpkin on April 24, 2015, 05:38:13 PM I wonder what the secret reason for this is? You don't usually see someone giving back millions from their own money, millions that someone else stole. Let's see how this turns out, maybe Kraken is really just run by a 'good guy'. However someone needs to put Karpeles in prison. I'm pretty sure that a lot of people would be happy even without their money (many have probably accepted that it is gone). I still don't get how Karpeles got away with it without any consequences. And about Kraken being the good guy I don't think so. It's a business after all which means they are surely getting some sort of profit by doing that. I actually remember reading some dodgy shit about Kraken but I can't remember what It was. I think I saw it on Reddit. Even though I personally believe that with Gox there was at least serious misconduct or manipulation involved to some degree, he definitely deserves a fair trial - like everyone else. If your company fails, this doesn't necessarily mean you're guilty of something. Businesses (especially start-ups) fail every day. They have to dig and find out whether he was doing anything that was indeed illegal. Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: alani123 on April 24, 2015, 05:48:50 PM Even though I personally believe that with Gox there was at least serious misconduct or manipulation involved to some degree, he definitely deserves a fair trial - like everyone else. If your company fails, this doesn't necessarily mean you're guilty of something. Businesses (especially start-ups) fail every day. They have to dig and find out whether he was doing anything that was indeed illegal. He surely deserves a trial, but if Japanese authorities don't think that he's committed any crimes he'll probably stay out of such procedures. Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: bennybong on May 19, 2015, 08:32:19 PM Anyone heard anything back from kraken or mtgox after filing a claim? I locked myself out of my account somehow and ended up sending the completed paperwork to Japan where it was received a week ago. Haven't heard anything. Don't know what to expect to be honest!
Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: bennybong on May 26, 2015, 02:27:55 PM Received a confirmation from mtgox today:
Quote Dear user, This e-mail is a notification that is being sent to the person who filed a bankruptcy claim against MtGox Co., Ltd. (“MTGOX”) or amended any details of such filing by completing a bankruptcy claim form and mailing it to the Office of the Bankruptcy Trustee of the bankrupt MtGox in relation to MTGOX’s bankruptcy proceedings (Tokyo District Court 2014 (fu) No. 3830) (hereinafter referred to as the “Offline Method”). The creditor number XXXXXX has been allotted for the filing of your bankruptcy claim. Please make a note of this number, as you will need it for the forthcoming bankruptcy proceedings. We hereby inform the said person that the Bankruptcy Trustee has received either a Proof of Bankruptcy Claim form or an Application for Amendment of Proof of Bankruptcy Claim (as the case may be) from him/her. Please contact the Office of the Bankruptcy Trustee, if you did not file a bankruptcy claim or amend any details of such filing but received this email (Tel: 03-4588-3921 for Japanese speakers and +81-3-4588-3922 for English speakers). This email is used only for the purpose of sending messages, and we are unable to check or respond to any replies to this email. Nobuaki Kobayashi, attorney-at-law, bankruptcy trustee of the bankrupt MtGox Co., Ltd. (Creditor number redacted) Has anyone else heard anything from them? What can we expect to get back from them, if anything at all? Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: unent on May 26, 2015, 07:57:36 PM Even though I personally believe that with Gox there was at least serious misconduct or manipulation involved to some degree, he definitely deserves a fair trial - like everyone else. If your company fails, this doesn't necessarily mean you're guilty of something. Businesses (especially start-ups) fail every day. They have to dig and find out whether he was doing anything that was indeed illegal. He surely deserves a trial, but if Japanese authorities don't think that he's committed any crimes he'll probably stay out of such procedures. Japan's Yomiuri Shimbun newspaper wrote a story half a year ago that claimed the Japanese police believe 99% of the disappeared Bitcoins were due to an inside job, but they have not named a suspect. I doubt their lawyers will let the police name Karples before he has had a fair trial. http://www.coindesk.com/missing-mt-gox-bitcoins-inside-job-japanese-police/ The disappearance of 99% of the bitcoins missing from Mt Gox can be blamed on internal system manipulation and not any external attack, a major Japanese newspaper has claimed. Citing an unnamed source connected to the ongoing police investigation, Japan's Yomiuri Shimbun newspaper led with the story on the front page of its New Year's Day edition. Only 7,000 BTC, or 1% of the total 650,000 missing, could be attributed to hacking attacks from outside the company, it said. Yomiuri did not elaborate further on the matter. That a company insider might have been responsible for the theft of 650,000 BTC from Mt Gox has been whispered about for some time, though no-one in particular has been named as a suspect, even unofficially. Title: Re: Kraken to honor Mt. Gox bitcoin claims Post by: Scamalert on May 26, 2015, 08:05:17 PM I was looking at that source, it does not look very reliable.....
I would like to hear this from kraken self, or from some kinda known page. Just trusting any random stuff written on the Internet is not a good idea. |