Kraken Details the Latest Mt Gox Creditors Meeting

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.

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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