Kraken announces major update in MtGox claims investigation
Global digital asset exchange Kraken today shared major news from Tokyo’s court-appointed trustee in the investigation of claims from MtGox creditors. During a scheduled and long-awaited Creditor’s Meeting in Tokyo, Trustee Nobuaki Kobayashi announced today that 24,750 creditors have filed claims to date. The total amount claimed to date was 263,519,268,303,371 JPY, or approximately $2,411,412,137,427 USD, though a single, individual, approximately 260 trillion yen claim is likely to be denied.
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. Tokyo based MtGox went bankrupt in February of 2014, and at the time was the largest Bitcoin exchange in the world. In a groundbreaking legislative move today, the Japanese legislature passed an updated bill required all digital currency exchanges to be registered and monitored by the Japan FSA.
In a major and long-awaited development, on May 25, 2016, the Trustee announced that all claims to date have been reviewed and that the status of all claims has been determined. Thousands of claimants will, for the first time, soon be able to learn the status of their claim. At that time, claimants will be directed to visit the MtGox website at https://claims.mtgox.com. Claim status information will not be provided by Kraken support.
Trustee Nobuaki Kobayashi said:
“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.”