Kraken2 posts
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22 Apr, 2015

Bankruptcy claim system opens

Makes Statement

A notice (link) posted on Mt. Gox’s website, says customers can make bankruptcy claims by signing with their account at There is also an offline option. Those filing must sign up to, or already have, a Kraken account since any returned coins will be deposited via the service. Returns will be calculated at a rate of $483 per BTC with an additional 6 percent per annum. Mt. Gox customers have until May 29 to file their claim. The company’s creditors plan to make a decision on returns by September 9, 2015.

25 Nov, 2014

Kraken to handle bankruptcy claims

Makes Statement

The bankruptcy trustee for Mt. Gox announces it will work with California-based Bitcoin exchange, Kraken, to return the money left in the estate to the company’s 127,000 creditors. Kraken CEO Powell says the company will help with the claims process, including evaluating the assets owed to creditors, and that it will assist in the investigation of Mt. Gox’s collapse. He says the trustee will have the final decision on payments in Bitcoin:

Allowing the creditors to go on without reinvestment, I think, would be very wrong. We’ve got to have the money that was locked up for the last 10 months returned as soon as possible.

On whether the exchange should be revived:

There are no assets, no brand. There is nothing to speak of to revive.

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