Kvě 25

Kraken Details the Latest Mt Gox Creditors Meeting

Source: bitcoin

Mt Gox

The leading cryptocurrency exchange Kraken and Tokyo’s court-appointed trustee has announced the current status of all Mt Gox claims have been determined. For the first time, thousands of claimants will be able to see if their claim has been accepted and will soon be processed.

Also read: Blockchain-based Remittance App AirPocket Comes To Latin America

The Mt Gox Creditors Meeting in Tokyo Determines All Claims

The San Francisco-based Kraken has revealed the news today concerning the long awaited Mt Gox claims. During the creditor’s meeting in Tokyo, Trustee Nobuaki Kobayashi has detailed that over 24 thousand claims were filed. Out of all the claims, a very interesting application of 260 trillion yen by one individual is “likely to be denied.” Kraken states in the announcement what will be released:

“Overall, the amount of bitcoin held by the MtGox estate is approximately 202,185 XBT, or $91,185,435 USD at today’s bitcoin price of approximately $451, which Kraken will help to distribute.”

The report also notes that the investigations are still ongoing with the Trustee is working with the Tokyo Metropolitan Police Department concerning the case and Mark Karpeles. Not only is Kraken working with investigators but the team also has help from Deloitte and ReEx Accounting looking for possible other lost Bitcoins. Kraken says details of the investigations will remain classified along with the addresses from Mt Gox records. Trustee Nobuaki Kobayashi explains the latest revelations:

“My office and my partners on the Kraken team worldwide are proud to report outstanding news to thousands of MtGox creditors. During our thorough bankruptcy investigation, we have carefully reviewed over 24,000 individual claims and made individual determinations on their validity. In the near future, claimants will be able to browse the MtGox claims website to confirm their status. While the detailed schedule will inevitably be affected by each creditor’s response, we wish to proceed to the distribution process as soon as possible.”

Kraken’s CEO Jesse Powell told the press, “Kraken is honored to provide support to the Trustee on behalf of the community and Mt.Gox clients.” The exchange is pleased with the announcements from the creditors meeting today and look forward to returning assets to customers who suffered losses. Powell says Kraken will be there for the long haul, and the exchange will “continue to offer our assistance wherever possible, and I look forward a speedy resolution from here.”

What do you think about the Mt Gox claims being determined by the creditors meeting? Let us know in the comments below.


Images via Kraken, and Pixabay

 

The post Kraken Details the Latest Mt Gox Creditors Meeting appeared first on Bitcoinist.net.

Kraken Details the Latest Mt Gox Creditors Meeting

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Bře 31

Mt. Gox Bankruptcy Trustee In Favor Of Publicizing Exchange’s Bitcoin Addresses

Source: bitcoin

Bitcoinist_Bitcoin Transparency

The Mt. Gox bankruptcy process that is currently taking place has been receiving a lot of attention from both Bitcoin enthusiasts and mainstream media outlets. Now that more and more information has become available, there is a new question waiting to be answered: should the identified Mt. Gox Bitcoin addresses be made accessible to the public? Some Bitcoin members seem to be for this proposal, whereas others are wondering what the of doing so would be.

Also read: Recent PayPal Exploit Shows Benefits of Decentralized Payment Solutions

Publicizing Mt. Gox Bitcoin Addresses

Considering how the bankruptcy trustee has collected most of the necessary information related to the Mt. Gox case, it seems to make sense if all of the identified Bitcoin wallet addresses are revealed to the public. After all, there are lots of people who would like to determine what has happened to the vast amounts of funds this exchange once held.

All of the bankruptcy reports make mention of how former Mt. Gox CEO Mark Karpeles claimed a hacker stole most of the funds, but it later turned out he took the funds himself. However, given the amount of bitcoins recovered to date, numbers do not seem to add compared to the total number of coins that were stolen.

Even though law enforcement agencies are working hard to find out where all of the missing funds has ended up, Bitcoin community members know a thing or two about tracking funds on the blockchain. Moreover, the bankruptcy trustee himself has shown an interest in releasing the complete list of Bitcoin wallet addresses identified with the Mt. Gox exchange.

A crowdsourced investigation into what has happened with the funds exactly would be kind of interesting although not everyone seems to be for this proposal. A lot of people want to keep this information private for privacy reasons, according to the thread on Reddit, which was to be expected. It is equally interesting to note how very few people have chosen to keep the addresses private for other reasons.

In total, over 80% of the people voting on this Reddit thread are for publicizing the Mt. Gox Bitcoin wallet addresses, which is quite a significant number. It remains to be seen how much good it would do if this list were to be publicized, although it might shed some additional light on the situation.

Are you for publicizing these Mt. Gox Bitcoin wallet addresses, or would it be a futile effort? Let us know in the comments below!

Source: Reddit

Images courtesy of Shutterstock, Mt. Gox

The post Mt. Gox Bankruptcy Trustee In Favor Of Publicizing Exchange’s Bitcoin Addresses appeared first on Bitcoinist.net.

Mt. Gox Bankruptcy Trustee In Favor Of Publicizing Exchange’s Bitcoin Addresses



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