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Kraken Accepting MtGox Bankruptcy Claims and Giving Free Trade Credit

Op-ed - Kraken Accepting MtGox Bankruptcy Claims and Giving Free Trade Credit

So, I have spent the last few days at the Kraken headquarters in San Francisco with the legendary Jesse Powell, who I interviewed for the Bitcoin Knowledge Podcast, and the rest of the team and there is some very exciting news about the $500m MtGox bankruptcy. We discussed some of the logistics during the interview but there is even more actionable stuff, as discussed in the trustee letter, you can do today to claim your money!

Kraken Now Accepts MtGox Creditor Claims Through Website, Offers Free Trades

SAN FRANCISCO, CALIF. – APRIL 21, 2015 – Kraken, a San Francisco-based Bitcoin exchange, is now accepting MtGox creditor claims and offering up to $1 million in free trade volume per creditor as a bonus for claiming funds through Kraken. The claim and payout service through Kraken is available in all areas of operation, including all US states.

Kraken was selected by the MtGox trustee in November 2014 after extensive and objective review to assist MtGox creditors in investigating missing Bitcoin, filing claims, and distributing remaining assets.

“Thanks to Kraken, filing of claims can be done through their system,” said the MtGox trustee. “We expect this to enable smooth filing of bankruptcy claims and distributions.”

Creditors claiming funds with Kraken can expect the following benefits:

  • 100,000 KFEE credits redeemable for up to $1 million in free trading volume at the lowest fee tier of 0.1
  • Creditor claim and payout support with live chat and email
  • Option to receive funds in the form of Bitcoin
  • An easier and more convenient process from claim to payout

MtGox creditors should file their claim as soon as possible in two steps:

  1. Go to and create an account.
  2. Click the “MtGox Claim” tab in your account and follow the instructions.

“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.”

To learn more about the KFEE promotion restrictions and use:

About Kraken

Founded in 2011, San Francisco-based Kraken ( is the largest Bitcoin exchange in euro volume and liquidity and also trading US dollars, British pounds and Japanese yen. Kraken is consistently rated the best and most secure Bitcoin exchange by independent news media and is trusted by hundreds of thousands of traders and institutions, including the Tokyo government and court-appointed trustee and BaFin regulated Fidor Bank. Kraken is the first Bitcoin exchange listed on Bloomberg terminals, the first to pass a cryptographically verifiable proof-of-reserves audit, and partnering to create the world’s first cryptocurrency bank.

Press contact:

Christina Yee

Chief Brand Officer