26 Nov '14, 11am

Small glimmer of hope for those who lost Bitcoin in MtGox crash; but 500k+ coins still missing ht…

Documents also reveal that both police and accounting investigations are underway and that neither have yet revealed the cause of any potential losses, or even whether the coins are actually missing. Investigators have found “issues” such as incomplete customer transaction data that are hampering their work. Kraken has said that potential pay-outs to the 127,000 creditors could be made in Bitcoin, although no final decision has yet been made. “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,” said a statement on Kraken’s website today . Kraken chief executive Jesse Powell said that the outcome of the MtGox bankruptcy proceedings will “deeply affect the Bitcoin community as a whole”. “We’ve decided to volun...

Full article: http://www.telegraph.co.uk/technology/news/11255012/Glimm...

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