Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
macsga
on 26/11/2014, 11:18:19 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

No bullshit, the CEO of Kraken is the CEO of Payward, which was selected to assist Kobayashi, quoting:

Upon obtaining approval from the Tokyo District Court, as of November 26, 2014,
I decided on Payward Japan K.K., which is a wholly-owned subsidiary of Payward.
Inc. (“Payward”), as the supporting company and entered into the “Agreement
Concerning Support, etc. of Bankruptcy Proceedings”, because the Payward group
was considered to be the most suitable among the candidates.
In addition, as stated above, the agreement stipulates that the Payward group will
support the bankruptcy proceedings of the bankrupt entity. Payward will not
assume the business of the bankrupt entity.

Payward (CEO and Co-founder: Jesse Powell) is a corporation established on July
28, 2011 in the state of Delaware. It has outlets in the United States, Canada, the
United Kingdom, the Netherlands, Singapore and Japan, and operates the bitcoin
exchange, Kraken, with users from around the world as its clients.

IMHO, we can't HEALTHY move upwards if the MtGox issue is not properly (or improperly) resolved. There are many reasons to justify what I'm stating but it's not our subject right now. The good thing is that Kraken will be the middle company. I trust these guys more than any other BTC Exchange out there. In any case this won't be something that we should keep our breath on, since it's been routed for later (mid-April) from what it's stated on the announcement.

https://www.mtgox.com/img/pdf/20141126_announcement.pdf
https://www.mtgox.com/img/pdf/20141126_document.pdf

After that CCMF it is...