Kraken is accepting claims for lost BTC from Mt. Gox creditors

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The exchange Kraken has announced that Mt. Gox creditors can now file claims for the cryptocurrency lost following the collapse of the Japanese company.

The San Francisco-based Bitcoin exchange was selected by official trustee Nobuaki Kobayashi in November 2014 to deal with the Mt. Gox case and assist the fallen exchange’s creditors “in investigating missing Bitcoin, filing claims, and distributing remaining assets.”

It’s been over a year since the Mt. Gox collapse hit the Bitcoin market, in February last year. Now, the creditors  – more than 100,000 – can file their claims until May 29 through the site claims.mtgox.com or via Kraken’s site.

1The exchange is “offering up to $1 million in free trade volume per creditor as a bonus for claiming funds through Kraken,” the company announced in a press release. The creditors can expect “100,000 KFEE credits redeemable for up to $1 million in free trading volume at the lowest fee tier of 0.1%,” as well as full online support and the option to receive the funds in BTC.

The claim and payout service through Kraken is available in all areas of operation, including all US states.

When filing the claims, the creditors must know the original email address they used to create their Mt. Gox account, among other requirements.

The bankruptcy trustee encouraged users to register via the Kraken site. “Thanks to Kraken, filing of claims can be done through their system. We expect this to enable smooth filing of bankruptcy claims and distributions,” he said.

According to Kobayashi, who will be analyzing and authorizing the claims, any BTC distributions will be made through the exchange despite the fact that distributing cryptocurrency goes against Japan’s bankruptcy law.

“We see our involvement in this process as an opportunity to restore faith in the community by showing what we need more of in the Bitcoin space – trusted leadership,” said Kraken CEO Jesse Powell. “We’re dedicated to delivering an exceptional experience. What is that? It’s fast execution and reliable service – all done over a secure platform. Whether you’re a long-standing client or trying us for the first time, we’re committed to putting your best interests first. That’s our philosophy. It’s simple. Put people first.”

Kobayashi will be analyzing the claims until September 9th, the date of the next Mt. Gox-related meeting.

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Maria Santos

Maria is an experienced journalist currently living in the UK. She has been writing about Bitcoin and the altcoin universe since 2013. She is also a member of the Lifeboat Foundation's New Money Systems Board and a big cryptocurrency supporter.

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