Sentences with phrase «mtgox creditors»
Most of the MtGox creditors eligible for compensation, what to get it in BTC or BCC, which is understandable, considering the stellar rise of both digital coins.
https://www.fxstreet.com/
Kraken is selected to support the investigation of missing Bitcoin and the distribution of remaining assets to MtGox creditors.
Trace Mayer and Jesse Powell discuss Kraken's role in distributing funds to MtGox creditors, Kraken's proof - of - reserves audit in spring 2014, advanced security features available on Kraken and the risks for many exchanges that accept customers illegally.
Kraken was selected in November 2014 by the MtGox trustee after extensive and objective review to assist MtGox creditors in investigating missing Bitcoin, filing claims, and distributing remaining assets.
Not exact matches
The case is likely to be drawn out further before creditors receive what remains of MtGox's assets.
This could work, joined with a solution similar to what Bitfinex did, where liabilities are covered with tokens issued to creditors, and can be cashed out anytime based on current liabilities status while said status progressively improves over time as MtGox makes money and / or coins are recovered (could take years just to maybe see Vinnik get his ticket to the USA, so no need to hold your breath there).
«In order to increase repayments to our creditors, it is necessary to explore the possibility of having MtGox Co., Ltd. continue its business.