Kraken to Assume Assets/Liabilities of MtGox?

[freedombit]

Here's the announcement on their site:
http://blog.kraken.com/post/103599171158/mt-gox-bankruptcy

If this turns out to be true, it looks positive. At least were moving...

[1715159418]

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[1715159418]

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[KiyokoNoaSaki]

It did not acquire mtgox, why did kraken assume debt of mtgox it? For a promotion?

[BitCoinNutJob]

kraken has decided the goxxing has to stop, good on them.

[Puppet]

Maybe you should try reading the press release instead of making ridiculous claims.
Kraken is going to help the bankruptcy trustee, thats it.

[Tzupy]

And Kraken might end up distributing the remaining bitcoins, if legally possible to distribute directly, without selling them.

While under the Bankruptcy Act of Japan, bankruptcy distribution is made
with money in principle, the bankruptcy trustee is considering, through
consultation with the court and various professionals, whether it is permissible and
feasible to make distribution by way of distributing bitcoins.

[meadefreling]

This is the major role that kraken want to play regarding mtgox issue.

Duties that Kraken may be asked to carry out include the following:

    Aid in the investigation of possible lost or stolen Bitcoin

    Aid in the creation of a system to file and investigate claims

    Help to distribute Bitcoin and/or fiat assets to creditors

    Exchange Bitcoin to fiat currency when needed

[freedombit]

And Kraken might end up distributing the remaining bitcoins, if legally possible to distribute directly, without selling them.

While under the Bankruptcy Act of Japan, bankruptcy distribution is made
with money in principle, the bankruptcy trustee is considering, through
consultation with the court and various professionals, whether it is permissible and
feasible to make distribution by way of distributing bitcoins.

If the trustee can sell the hardware (read: assets) to Kraken without an auction, he could just as easily sell Bitcoin back to their "rightful" owners at a set price (i.e. $.01 per Bitcoin). This concept could be used for or against the "rightful" owners. I am hopeful that the trustee and those surrounding the deal will be nice and distribute the proceeds proportionate to the last known holdings for all Depositors.