Kraken to help Settle Verified Mt Gox Bitcoin Claims

By May 25, 2016Bitcoin Business

Mt Gox customers may have something to look forward to in the coming days. Some of the investors in the now-defunct Bitcoin exchange Mt Gox may soon be receiving at least a part of their investments back. A recent announcement made by Kraken earlier today shows that the verification process for all the claims made so far by about 25,750 creditors may have been complete.

According to the press release, the total claims received so far exceed 263, 519,268303,371 Japanese yen, which is equivalent to approximately 2,411,412,137,427 United States dollars. The largest claim of about 260,000,000,000,000 Japanese yen by a single individual is expected to be declined by the authorities. The report calculates the total number of bitcoins in possession of Mt Gox at the time of its demise to be somewhere around 202,185 BTCs which will be in today’s current value is a bit short of 100 million at $91,185,435 in USD. The court-appointed trustee, Nobuaki Kobayashi , during the Creditor’s Meeting held in Tokyo, has declared that all the claims received so far have been reviewed and the status of these claims will be available to the claimants in the coming days. Creditors will soon be able to check the status of their claims on Mt Gox website at the following like – https://claims.mtgox.com

The press release quotes Nobuaki Kobayashi saying: “My office and my partners on the Kraken team worldwide are proud to report outstanding news to thousands of Mt Gox 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 Mt Gox claims website to confirm their status. While the detailed schedule will inevitably be affected by each creditor’s response, we wish to proceed […]

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