Kraken reports significant progress in MtGox claims investigation

Kraken has made “significant progress” in the investigation into claims from MtGox creditors, according to a press release and report sent to CoinReport. The global bitcoin exchange was selected in November 2014 to assist Tokyo District Court-appointed Trustee Nobuaki Kobayashi with investigating missing bitcoin, distributing assets back to MtGox creditors and managing claims.

“Although the investigation into MtGox claims is still ongoing, we have made significant progress for creditors,” said Trustee Nobuaki Kobayashi.

Kraken announced the following updates:

• Bankruptcy claims have been filed by 24,733 people around the world.
• The total amount of these claims filed in bitcoin and fiat currencies is ¥ 2,695,239,249,594 JPY ($23.747 billion USD).
• The Trustee currently has possession of 202,163.41191816 bitcoin ($84.779 million USD).
• Of the 9,863 bitcoin-only claims filed, 7,952 have been approved.
• ¥ 12,583,717,791 JPY ($110.816 million USD) in bitcoin has been approved to creditors. Another  ¥27,547,026,403 JPY ($242.588 million USD) is currently on hold.

“Continued progress in the Mt. Gox bankruptcy proceedings will have beneficial effects for the bitcoin community globally,” said Kraken CEO Jesse Powell. “Kraken is proud to volunteer our resources and expertise in an attempt to minimize damage to creditors, restore faith in the bitcoin community, and demonstrate trusted leadership in the industry.”

Claimants can check the status of their claims by visiting the MtGox site at the link below:

https://claims.mtgox.com/assets/index.html

MtGox creditors who want to receive their claims in bitcoin need to create an account with Kraken at https://www.kraken.com/

The full PDF report in Japanese and English can be read here (English translation starts from Page 9)

Image courtesy of Kraken