SAN FRANCISCO--(BUSINESS WIRE)--Kraken, a San Francisco-based bitcoin exchange, is pleased to announce that it has been selected to support the investigation of missing bitcoin and the distribution of remaining assets to the creditors. This decision comes after an extensive evaluation process where multiple companies were considered and thoroughly vetted. Kraken was chosen for reasons including its proven track record of stable exchange operation and reliable customer support, and possesses the skill and expertise required to properly carry out an investigation of the lost bitcoin and the distribution of assets to creditors.
Duties that Kraken may be asked to carry out include the following:
- Aid in the investigation of possible lost or stolen Bitcoin
- Aid in the creation of a system to file and investigate claims
- Help to distribute Bitcoin and/or fiat assets to creditors
- Exchange Bitcoin to fiat currency when needed
Provided the trustee decides to distribute bitcoin, creditors may be asked to create a Kraken account, if they do not already have one, to establish a secure, efficient and cost-effective platform for the distribution of bitcoin.
Claimants wishing to open a Kraken account and possibly avoid any delays caused by the large increase in new sign-ups and/or verifications are encouraged to sign up now at https://www.kraken.com/signup.
“The outcome of the MtGox bankruptcy proceedings will deeply affect the Bitcoin community as a whole,” said Kraken CEO Jesse Powell. “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,” Powell said.
Updates will be accessible at https://www.kraken.com/mt-gox-updates as they become available.
Kraken (http://www.kraken.com), the leading bitcoin exchange for euro trading, offers advanced trading tools, a sophisticated user interface, robust technical security and full regulatory compliance to traders and institutions. Since its public launch on 9 September 2013, Kraken has grown to serve over 100,000 clients around the globe and is consistently rated as the top exchange due to its continued commitment to putting clients first. Kraken, based in San Francisco, combines years of experience in the virtual goods and currency markets with a highly skilled engineering team and a host of carefully cultivated banking and finance relationships.