Pages:
Author

Topic: Kraken to honor Mt. Gox bitcoin claims (Read 1483 times)

hero member
Activity: 490
Merit: 500
Captain
May 26, 2015, 03:05:17 PM
#27
I was looking at that source, it does not look very reliable.....
I would like to hear this from kraken self, or from some kinda known page.
Just trusting any random stuff written on the Internet is not a good idea.
sr. member
Activity: 326
Merit: 250
Even though I personally believe that with Gox there was at least serious misconduct or manipulation involved to some degree, he definitely deserves a fair trial - like everyone else. If your company fails, this doesn't necessarily mean you're guilty of something. Businesses (especially start-ups) fail every day. They have to dig and find out whether he was doing anything that was indeed illegal.

He surely deserves a trial, but if Japanese authorities don't think that he's committed any crimes he'll probably stay out of such procedures.

Japan's Yomiuri Shimbun newspaper wrote a story half a year ago that claimed the Japanese police believe 99% of the disappeared Bitcoins were due to an inside job, but they have not named a suspect. I doubt their lawyers will let the police name Karples before he has had a fair trial.

http://www.coindesk.com/missing-mt-gox-bitcoins-inside-job-japanese-police/

The disappearance of 99% of the bitcoins missing from Mt Gox can be blamed on internal system manipulation and not any external attack, a major Japanese newspaper has claimed.

Citing an unnamed source connected to the ongoing police investigation, Japan's Yomiuri Shimbun newspaper led with the story on the front page of its New Year's Day edition. Only 7,000 BTC, or 1% of the total 650,000 missing, could be attributed to hacking attacks from outside the company, it said.

Yomiuri did not elaborate further on the matter.

That a company insider might have been responsible for the theft of 650,000 BTC from Mt Gox has been whispered about for some time, though no-one in particular has been named as a suspect, even unofficially.
hero member
Activity: 682
Merit: 500
Received a confirmation from mtgox today:

Quote
Dear user,
 
This e-mail is a notification that is being sent to the person who filed a bankruptcy claim against MtGox Co., Ltd. (“MTGOX”) or amended any details of such filing by completing a bankruptcy claim form and mailing it to the Office of the Bankruptcy Trustee of the bankrupt MtGox in relation to MTGOX’s bankruptcy proceedings (Tokyo District Court 2014 (fu) No. 3830) (hereinafter referred to as the “Offline Method”). The creditor number XXXXXX has been allotted for the filing of your bankruptcy claim. Please make a note of this number, as you will need it for the forthcoming bankruptcy proceedings. We hereby inform the said person that the Bankruptcy Trustee has received either a Proof of Bankruptcy Claim form or an Application for Amendment of Proof of Bankruptcy Claim (as the case may be) from him/her.  Please contact the Office of the Bankruptcy Trustee, if you did not file a bankruptcy claim or amend any details of such filing but received this email (Tel: 03-4588-3921 for Japanese speakers and +81-3-4588-3922 for English speakers).
 
This email is used only for the purpose of sending messages, and we are unable to check or respond to any replies to this email.
 
Nobuaki Kobayashi, attorney-at-law, bankruptcy trustee of the bankrupt MtGox Co., Ltd.

(Creditor number redacted)

Has anyone else heard anything from them? What can we expect to get back from them, if anything at all?
hero member
Activity: 682
Merit: 500
Anyone heard anything back from kraken or mtgox after filing a claim? I locked myself out of my account somehow and ended up sending the completed paperwork to Japan where it was received a week ago. Haven't heard anything. Don't know what to expect to be honest!
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
April 24, 2015, 12:48:50 PM
#23
Even though I personally believe that with Gox there was at least serious misconduct or manipulation involved to some degree, he definitely deserves a fair trial - like everyone else. If your company fails, this doesn't necessarily mean you're guilty of something. Businesses (especially start-ups) fail every day. They have to dig and find out whether he was doing anything that was indeed illegal.

He surely deserves a trial, but if Japanese authorities don't think that he's committed any crimes he'll probably stay out of such procedures.
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
April 24, 2015, 12:38:13 PM
#22
I wonder what the secret reason for this is? You don't usually see someone giving back millions from their own money, millions that someone else stole.
Let's see how this turns out, maybe Kraken is really just run by a 'good guy'.
However someone needs to put Karpeles in prison. I'm pretty sure that a lot of people would be happy even without their money (many have probably accepted that it is gone).

I still don't get how Karpeles got away with it without any consequences. And about Kraken being the good guy I don't think so. It's a business after all which means they are surely getting some sort of profit by doing that. I actually remember reading some dodgy shit about Kraken but I can't remember what It was. I think I saw it on Reddit.
Mark was working with the authorities in Japan from day one. He didn't step foot on US soil because he knew it would end up badly. Thankfully for him most of Mt Gox's clients were from western countries so not many people in Japan would go looking for him. If the local authorities had somehow confirmed that he wasn't committing any crimes and he was cooperating with them I can't see why they'd want to put him in jail. We don't even know if he'll go to trial actually.

Even though I personally believe that with Gox there was at least serious misconduct or manipulation involved to some degree, he definitely deserves a fair trial - like everyone else. If your company fails, this doesn't necessarily mean you're guilty of something. Businesses (especially start-ups) fail every day. They have to dig and find out whether he was doing anything that was indeed illegal.
full member
Activity: 224
Merit: 100
April 24, 2015, 12:23:18 PM
#21
Karma will get him. You dont just piss off an international community without reprecussions.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
April 24, 2015, 12:15:17 PM
#20
I wonder what the secret reason for this is? You don't usually see someone giving back millions from their own money, millions that someone else stole.
Let's see how this turns out, maybe Kraken is really just run by a 'good guy'.
However someone needs to put Karpeles in prison. I'm pretty sure that a lot of people would be happy even without their money (many have probably accepted that it is gone).

I still don't get how Karpeles got away with it without any consequences. And about Kraken being the good guy I don't think so. It's a business after all which means they are surely getting some sort of profit by doing that. I actually remember reading some dodgy shit about Kraken but I can't remember what It was. I think I saw it on Reddit.
Mark was working with the authorities in Japan from day one. He didn't step foot on US soil because he knew it would end up badly. Thankfully for him most of Mt Gox's clients were from western countries so not many people in Japan would go looking for him. If the local authorities had somehow confirmed that he wasn't committing any crimes and he was cooperating with them I can't see why they'd want to put him in jail. We don't even know if he'll go to trial actually.
legendary
Activity: 3248
Merit: 1070
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
April 24, 2015, 11:14:45 AM
#18
So, I am not sure what % people will get back, but I assume that we will have a lot of selling of those recovered BTCs.

I know i wont be, think im something like $10k down if i sold, i will hold for a long time, im waiting out for many thousands on the bitcoin tbh, current prices are waste of time.
Good for you, but I meant that there are likely people who lost too much because of mtgox and may have various debts/loans they need to repay, or simply bad financial situation due to gox.
legendary
Activity: 812
Merit: 1000
April 24, 2015, 10:56:48 AM
#17
I may have missed something, but why are Kraken doing this exactly?

Promotion would be number 1 reason it seems.  Most of the time trading companies are just looking to get people through the door for 5 minutes and process a trade or 2.  If 10% of people come back to trade again that is huge for kraken.

Doesn't seem like they would net a profit by doing this, but maybe they get more traffic than I think

Everyone used to trade on gox, out of the guys who were smart enough to get out in time(not me) many of them still seem to have some coin left in gox when it went down.  The higher price trapped people.
legendary
Activity: 1441
Merit: 1000
Live and enjoy experiments
April 24, 2015, 10:46:48 AM
#16
I may have missed something, but why are Kraken doing this exactly?

You haven't missed anything, they aren't doing it, at least not honouring entire claims. Title is misleading.

What they are doing, is handling reimbursement of the 200K BTC that was "found". I.e. users may get back ~20% of their funds.

Even they are only handling the distribution of "found" coins, that still requires investing certain amount of resources and efforts. I applause some one is taking up this responsibility.
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
April 24, 2015, 10:41:07 AM
#15
I may have missed something, but why are Kraken doing this exactly?

You haven't missed anything, they aren't doing it, at least not honouring entire claims. Title is misleading.

What they are doing, is handling reimbursement of the 200K BTC that was "found". I.e. users may get back ~20% of their funds.
This is accurate
legendary
Activity: 812
Merit: 1000
April 24, 2015, 10:36:03 AM
#14
So, I am not sure what % people will get back, but I assume that we will have a lot of selling of those recovered BTCs.

I know i wont be, think im something like $10k down if i sold, i will hold for a long time, im waiting out for many thousands on the bitcoin tbh, current prices are waste of time.
hero member
Activity: 688
Merit: 500
ヽ( ㅇㅅㅇ)ノ ~!!
April 24, 2015, 10:35:02 AM
#13
OP article is nonsense guys...

Read this:
https://www.reddit.com/user/jespow
https://www.reddit.com/r/Bitcoin/comments/33fs3u/kraken_accepting_mtgox_creditor_claims_and/

Quote
If you've read the recent Wizsec report on the missing coin, you probably would not expect to receive any more than 20% back.
hero member
Activity: 493
Merit: 500
April 24, 2015, 10:32:09 AM
#12
I may have missed something, but why are Kraken doing this exactly?

Promotion would be number 1 reason it seems.  Most of the time trading companies are just looking to get people through the door for 5 minutes and process a trade or 2.  If 10% of people come back to trade again that is huge for kraken.

Doesn't seem like they would net a profit by doing this, but maybe they get more traffic than I think
legendary
Activity: 2674
Merit: 2965
Terminated.
April 24, 2015, 10:31:20 AM
#11
I still don't get how Karpeles got away with it without any consequences. And about Kraken being the good guy I don't think so. It's a business after all which means they are surely getting some sort of profit by doing that. I actually remember reading some dodgy shit about Kraken but I can't remember what It was. I think I saw it on Reddit.
This probably is a PR marketing action by Kraken.  More users will trust them because they are the good guys who try to give the users their bitcoin from mt.gox, but hey probably have an other plan in their minds.
Well we can assume that. They're most likely not that good. I mean who gives such a huge amount of money away? As previously stated it should be of more importance of getting Karpeles what he deserves, not reimbursing people.
So, I am not sure what % people will get back, but I assume that we will have a lot of selling of those recovered BTCs.
Not necessarily, but it is possible. They could sell but would lose a lot of the potential value.
legendary
Activity: 812
Merit: 1000
April 24, 2015, 10:31:09 AM
#10
Logged in to mtgox to start filing my claim. Changed password, forgot password. Damn.

What do I do now? File my claim offline?

Can i ask what is making you to decide to do the claim direct on mtgox website and not kraken?
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
April 24, 2015, 10:28:27 AM
#9
So, I am not sure what % people will get back, but I assume that we will have a lot of selling of those recovered BTCs.
hero member
Activity: 688
Merit: 500
ヽ( ㅇㅅㅇ)ノ ~!!
April 24, 2015, 10:27:22 AM
#8
I may have missed something, but why are Kraken doing this exactly?

You haven't missed anything, they aren't doing it, at least not honouring entire claims. Title is misleading.

What they are doing, is handling reimbursement of the 200K BTC that was "found". I.e. users may get back ~20% of their funds.
Pages:
Jump to: