26 Nov '14, 11am

Bitcoin Exchange Kraken to Help in Mt. Gox Bankruptcy

U.S. Bitcoin exchange operator Payward Inc said on Wednesday it will work on retrieving some millions of dollars lost by Tokyo-based Mt. Gox, once the world's largest Bitcoin exchange before it collapsed in bankruptcy this year.Kraken, Payward's Bitcoin exchange, will assist Mt. Gox's Tokyo-court appointed trustee Nobuaki Kobayashi with investigating where the missing Bitcoins are, along with eventually redistributing any found to creditors as part of a liquidation. The partnership between Payward and Mt. Gox was approved by the Tokyo district court on Wednesday. Kraken will not be paid for the arrangement but could win new clients as former account holders at Mt. Gox register to receive future distributions from the liquidation. "We hope to revive Bitcoin's reputation and create a healthy market for it, ultimately leading to profit for us," Ayako Miyaguchi, managing direc...

Full article: http://gadgets.ndtv.com/internet/news/bitcoin-exchange-kr...

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Bitcoin Exchange Kraken to Help in Mt Gox Bankr...

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: US bitcoin exchange operator Payward Inc on Wednesday said it will work on retrieving some millions of dollars lost by T...

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TOKYO (Reuters) - U.S. bitcoin exchange operator Payward Inc said on Wednesday it will work on retrieving some millions of...

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