[2014-11-26] Coindesk: Kraken to Assist in Search for Missing Mt Gox Bitcoins

[Totscha]

Digital currency exchange Kraken announced today that it has been chosen to support the investigation of Mt Gox's stolen 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 the community like this", and that his firm hopes to repair bitcoin's damaged reputation in Japan as much as build its own in the local market.

He said:

"It's Kraken's philosophy to always put the clients' best interests first, and this is a philosophy that we will carry with us through supporting the trustee."

There are still many decisions to be made in the process and Kraken has many questions of its own, he further added. The exchange will work closely with the trustee Nobuaki Kobayashi to investigate what happened at Mt Gox as much as possible, although it will not have direct access to Mark Karpeles, Mt Gox's CEO.

...

More:

https://www.coindesk.com/kraken-assist-search-missing-mt-gox-bitcoins/
http://blog.kraken.com/post/103599171158/mt-gox-bankruptcy
https://www.mtgox.com/img/pdf/20141126_announcement.pdf

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[LiteCoinGuy]

good guys. i think they can manage this.

[Nagle]

Read through all the documents from the bankruptcy trustee now on the Mt. Gox web site.

A few key points:

* The Payward/Kraken deal is more about outsourcing claim processing and, eventually, payout of claims. They also bought Mt. Gox's computer hardware (not the data; the machines will be erased), and, strangely, its chairs.
* The search for missing assets has been carried out so far by two accounting firms, Deloitte Touche Tohmatsu LLC, and and ReEx. They've found some of the cash, but not the Bitcoins.
* Karpeles and his four other businesses owe the estate of Mt. Gox about 11 milion USD in "loans". The bankruptcy trustee is trying to collect.

[LiteCoinGuy]

Read through all the documents from the bankruptcy trustee now on the Mt. Gox web site.

A few key points:

* The Payward/Kraken deal is more about outsourcing claim processing and, eventually, payout of claims. They also bought Mt. Gox's computer hardware (not the data; the machines will be erased), and, strangely, its chairs.
* The search for missing assets has been carried out so far by two accounting firms, Deloitte Touche Tohmatsu LLC, and and ReEx. They've found some of the cash, but not the Bitcoins.
* Karpeles and his four other businesses owe the estate of Mt. Gox about 11 milion USD in "loans". The bankruptcy trustee is trying to collect.

Goxxed.

[kjlimo]

Read through all the documents from the bankruptcy trustee now on the Mt. Gox web site.

A few key points:

* The Payward/Kraken deal is more about outsourcing claim processing and, eventually, payout of claims. They also bought Mt. Gox's computer hardware (not the data; the machines will be erased), and, strangely, its chairs.
* The search for missing assets has been carried out so far by two accounting firms, Deloitte Touche Tohmatsu LLC, and and ReEx. They've found some of the cash, but not the Bitcoins.
* Karpeles and his four other businesses owe the estate of Mt. Gox about 11 milion USD in "loans". The bankruptcy trustee is trying to collect.

Goxxed.

Haha, are those the "chairs" they bought?