First of, being Goxxed and Vircurexxed (twice), I'm not at all sure that ANY exchange out there is 100% legitimate. The difference with Kraken is the excellent customer support and the fast transaction system (literally hours). I don't know if this will continue as time passes by, or after they incorporate the huge (?) MtGox customer base. Right now, I've put my hopes on them just for one reason. They pay attention on the details on how to run a cryptocoin exchange. The other alternative would've been to run the process myself. Well...


Jorge, Dargo works for Kraken. When a statement like that goes out in public that means it automatically risks their image. I'd bet they had inside info since they were the chosen ones from all the exchanges to handle the MtGox case...

Among the documents in the mtgox site are detailed reports by Kobayashi about the situation of the spoils.  (Scroll to the end, each PDF includes an Engish translation.)

His fees,and the fees of all consultants that he has hired, will be quite substantial, but small compared to the 200 kBTC and several M USD that are left.

These spoils are only 20-25% of the sum total of all client account balances at the time of the collapse, so that is the basic guess for the percentage that will be returned.  The exact amount will depend on how many peopel file a claim, and how many claims will be accepted as valid by Kobayashi.

But AFAIK it is not yet known whether he can return the BTC as BTC, or he will have to auction them to convert them to JPY.

Don't worry, the best efforts are being made to make everyone receive the fairest part of what has been left by the hackist thieves.

Regards,

Karpeles

Would it be legally possible for Kobayashi to reimburse the MtGox customers in 2 steps?
I mean, Karpeles still has a lot of depositor fiat in his possession, that he has no intention to give back.
The trustee only has 202k BTC and some fiat available, and likely won't be able to get the rest of the fiat from Karpeles anytime soon.
It may take another year or more until some of the fiat that Karpeles loaned to himself could be recovered.

Quoting from the 22nd April 2015 report, a total of about 1.3 billion yen (over 10 million dollars) is owed by Karpeles to MtGox depositors.

1. TIBANNE Co., Ltd.
The bankrupt entity has recognized that it has loan receivables in the amount of
JPY 772,791,001 (based on the settlement accounts of the bankrupt entity as of
April 24, 2014) against TIBANNE Co., Ltd., which is the parent company of the
bankrupt entity. Therefore, I claimed for repayment of the loan receivables
against TIBANNE Co., Ltd. However, I could not receive any repayment from
TIBANNE Co., Ltd.
Therefore, I filed for the commencement of bankruptcy proceedings against
TIBANNE Co., Ltd. on January 29, 2015. As a result, on January 30, 2015, the
court ordered that such bankruptcy proceedings be commenced (Tokyo District
Court 2015 (fu) No. 585). I plan to collect the receivables properly by filing a
bankruptcy claim form during the process of the bankruptcy proceedings against
TIBANNE Co., Ltd.
2. K.K. Shade 3D
Since the bankrupt entity has loan receivables in the amount of JPY 338,139,321
(amount based on the settlement accounts of the bankrupt entity as of April 24,
2014) against K.K. Shade 3D, which is a subsidiary of TIBANNE Co., Ltd., I
claimed for repayment against K.K. Shade 3D and continue to negotiate such
repayment. If voluntary repayment from K.K. Shade 3D is not likely to occur, I
plan to consider taking necessary legal action.
3. K.K. Bitcoin. Cafe
The bankrupt entity has filed its proof of bankruptcy claims (consisting of loan
receivables in the amount of JPY 60,000,000 and accrued interest) in the process
of the bankruptcy proceedings against K.K. Bitcoin. Cafe. However, one of the
creditors of K.K. Bitcoin. Cafe objected to the full amount of the aforementioned
bankruptcy claims. In response, I filed a petition for bankruptcy claim
assessment against such creditor to the Tokyo District Court in November 2014.
The Tokyo District Court then determined on February 12, 2015 that the assessed
value of such bankruptcy claim is the same as the value stated in the filed
bankruptcy claims. However, the above creditor filed an action to object to the
bankruptcy claim assessment on March 11, 2015. The case is currently heard
before the Tokyo District Court as the case for the objection to the bankruptcy
claim assessment (2015 (wa) No. 6570).
4. Robert Marie Mark Karpeles
Since the bankrupt entity has loan receivables in the amount of JPY 136,175,781
(amount based on the settlement accounts of the bankrupt entity as of April 24,
2014) against Robert Marie Mark Karpeles, who is the representative director of
the bankrupt entity, I claimed for repayment of the loan by him and continue to
negotiate such repayment. However, since he has so far not presented any
repayment plan to me, if voluntary repayment from him is not likely to occur, I
plan to consider taking necessary legal action.

I wasn't sure about the amount. It was 10M then. The critical question is then "Will he give them back?" 

I think MK has a lot of his stash (5M) captured by the US Govt. for running a money transmittance service back in 2013; that's why he didn't want to appeal to the court there. I don't know if the "loans" have managed to make his current economic condition better, but since he has a gag order I believe he couldn't tell us even if he wanted to.

On the bright side, when this is over, Kraken will hold a lot of his original customers and probably will get a nice position to the exchange business. I think this will probably give the price the much awaited boost it needs after 1+ year bear market.

I think you may be shit out of luck there. If you missed the deadline I don't imagine they will allow you to file the claim now. How did you muss the deadline?

Did anyone get any emails to start the claims process? If not, how would we know apart from checking the forums everyday? (I didn't get any emails but I didn't have anything there)