Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JorgeStolfi
on 26/11/2014, 07:31:55 UTC
"Kraken selected to aid MtGOX Investigation and Liquidation"
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?

The announcement surely refers to distributing the 220'000 BTC that were left in MtGOX's forgotten wallet.  There is no money or BTC to make good on the other 600'000 BTC that disappeared.