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Author Topic: Kraken Taking Over MtGox !!! Aproved by the courts  (Read 6429 times)
BitCoinNutJob
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November 30, 2014, 08:43:42 PM
 #21

They are using their expertise to attempt to track down the missing bitcoin. Their participation in the gox case should not affect their normal operations
The hard drives from the Mt. Gox servers that will be delivered to Kraken, as part of this deal, will first be erased/reformatted. That is covered in court papers. I'm curious to know how Kraken plans to apply their expertise without ever being given unfettered access to the original data on those servers.  Are we merely supposed to take on faith that Kobayashi will tell Kraken everything they need to know; that is, should the results of the investigation essentially be a fait accompli--all you have to do is ask this lawyer what happened--then, why even bother having an investigation?
That makes no sense. What is the point of Gox even giving up their servers if they are going to erase everything before they are handed over?

Probably so they can say they gave over the servers, the wiping is for "customer protection" or some crap.  Not like our data hasnt been leaked already.
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November 30, 2014, 09:38:11 PM
 #22

They are using their expertise to attempt to track down the missing bitcoin. Their participation in the gox case should not affect their normal operations
The hard drives from the Mt. Gox servers that will be delivered to Kraken, as part of this deal, will first be erased/reformatted. That is covered in court papers. I'm curious to know how Kraken plans to apply their expertise without ever being given unfettered access to the original data on those servers.  Are we merely supposed to take on faith that Kobayashi will tell Kraken everything they need to know; that is, should the results of the investigation essentially be a fait accompli--all you have to do is ask this lawyer what happened--then, why even bother having an investigation?
That makes no sense. What is the point of Gox even giving up their servers if they are going to erase everything before they are handed over?

Probably so they can say they gave over the servers, the wiping is for "customer protection" or some crap.  Not like our data hasnt been leaked already.
But that is not really handing over the servers. It is only handing over assets of gox (the physical machines). I am sure that Kraken would have executed a NDA that would prevent them from leaking any customer information
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November 30, 2014, 09:49:49 PM
 #23

They are using their expertise to attempt to track down the missing bitcoin. Their participation in the gox case should not affect their normal operations
The hard drives from the Mt. Gox servers that will be delivered to Kraken, as part of this deal, will first be erased/reformatted. That is covered in court papers. I'm curious to know how Kraken plans to apply their expertise without ever being given unfettered access to the original data on those servers.  Are we merely supposed to take on faith that Kobayashi will tell Kraken everything they need to know; that is, should the results of the investigation essentially be a fait accompli--all you have to do is ask this lawyer what happened--then, why even bother having an investigation?
That makes no sense. What is the point of Gox even giving up their servers if they are going to erase everything before they are handed over?
Kraken and JADA have a lot at stake in getting this absolutely right. Ruling Liberal Democratic Party operatives have been promoting the approach being used, and thereby hope to score points with investors. Japan's reputation as an investment destination of choice has been damaged by the Mt. Gox scandal, and they want to do everything possible now to try and guarantee investor's full faith and confidence.  Anything less than a full and honest investigation is more than likely going to backfire on all cooperating entities.
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