Post
Topic
Board Exchanges
Re: [ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH
by
Sonba2
on 07/06/2016, 19:34:06 UTC
I'm not sure why most of your fiat claim was rejected while all of your BTC claim was accepted. Hopefully the trustee will provide a convenient way to dispute rejected amounts, but for now the method outlined in my post above (coming from the Tokyo District Court) is all we know. The amount accepted does not indicate the amount you will get back - I'm pretty sure you will only get a fraction of the accepted amount back (your share of the remaining funds).

Thanks for the headsup on the point of how much to be returned.

In my eyes it was not really usefull to recalculate every currency into yen just to not use it at the end because everyone will be paid only what is left on the individual currency.

I think that nearly no Euro are there anymore was because MtGox had withdraw problems on Euro for weeks and months before. Which was one reason why the bitcoin price was so high there. So no euros on their bank accounts might be the problem of high rejection.

The trustee didn't reject euro claims on the basis that there are few euro assets left. And people with claims in a particular currency will not be limited to what's left in that particular currency. All claim balances and all remaining assets are being converted to JPY in order to total them up and everyone will get a share of the total remaining assets based on the total accepted amount of their claim. This does not mean all the BTC will be sold though. The trustee, at this point at least, intends to give people who request it a payout in BTC, and the plan is for these payouts to all go through Kraken. We may handle some of the fiat payouts as well, though there is more uncertainty about this. 

Hi Dargo,

most of MtGox assets are the 202k BTC they still own. Do you know which quote will be used to define their value? I assume the one valid at point of distribution not the original one at point of bankruptcy?

Thanks!