"Kraken selected to aid MtGOX Investigation and Liquidation"
http://blog.kraken.com/post/103599171158/mt-gox-bankruptcy
http://blog.kraken.com/post/103599171158/mt-gox-bankruptcy
Smells like a big pile of steaming bullshit to me
Could be. There was an earlier announcement which said that Kraken would take over MtGOX and pay customers in bitcoin. This one is more limited and cautious, but it is still not clear what is certain and what is merely a wish of Kraken and/or the clients, that the trustee may concede or not. In particular, the statement that clients will be required to open an account at Kraken in order to receive the refunds seems to be just a wish...
Does that mean, pay customers even the stolen amount? or just new amounts?
I'd assume it is to pay whatever coins are still under the control of mtgox, anything else would be crazy. I'm baffled why'd they even want to get involved in the mtgox bankruptcy though... Seems like way more trouble than it is worth.
Personally I think it's great that there will be an actual investigation.
When Powell said: "We’ve decided 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,", that explains it all.
We all know getting new customers is something Kraken needs. And that's what they hope to get from this move.
But, hey. At least they're doing something useful for it
