tl;dr
Kraken, a major crypto exchange, is facing criticism from some Mt Gox creditors who claim they have not received their Bitcoin repayments despite assurances. This has led to frustration among affected users, who have taken to the insolvency subreddit to express their concerns. Some users have report...
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Kraken facing backlash from Mt. Gox creditors over delayed Bitcoin repayments
- Lack of proactive communication and support from Kraken criticized by affected users
- Reports of some Mt. Gox creditors receiving payments, but unresolved cases causing concern
- Frustration over lack of detailed communication from Kraken and Mt. Gox trustee
- Significant movements of Bitcoin linked to Mt. Gox adding complexity to distribution process
Kraken, a major crypto exchange, is facing criticism from some Mt Gox creditors who claim they have not received their Bitcoin repayments despite assurances. This has led to frustration among affected users, who have taken to the insolvency subreddit to express their concerns. Some users have reported lack of communication and support from Kraken and the Mt Gox trustee. While some creditors have received their payments, unresolved cases are causing significant concern. Additionally, there is a lack of detailed communication from both Kraken and the Mt Gox trustee, adding to the confusion. Meanwhile, significant movements of Bitcoin linked to Mt Gox have been observed, indicating that remaining creditors may receive their Bitcoin repayments soon. Kraken, a prominent crypto exchange, is facing backlash from a section of Mt Gox creditors. These creditors claim they have not received their Bitcoin (BTC) repayments, despite assurances that funds were being distributed. This situation has sparked significant frustration among affected users, many of whom have taken to the insolvency subreddit to voice their grievances and seek clarity. KRAKEN FAILS TO DELIVER BITCOIN PAYMENTS A recent post on the subreddit highlights the issue: “It appears there are a few of us who have approved linked Kraken accounts and are approved creditors, but have yet to receive BTC payment.” The original poster further detailed their communication efforts with Kraken and the Mt Gox trustee, both of which have been unfruitful. They added: “I have been in touch with Kraken support, but they have simply directed me to contact the trustee. The trustee only provides generic ‘we can’t provide individual advice’ feedback.” In addition, the user criticized Kraken for its lack of proactive communication and support. Moreover, they suggested that Kraken should utilize its direct channel to Mt Gox to obtain and disseminate general information about the delays. The user noted: “Kraken Support If You’re Reading This: Do Better: In my opinion, as Kraken knows which of their accounts are linked to Mt Gox, and which have been paid and not paid, they should use their direct channel to Mt Gox to get general info as to why these accounts have not been paid yet!” RECOMMENDED ARTICLES ethereum price crypto news CRYPTO PRESALE PROJECTS FOR 2024 TO INVEST; UPDATED LIST Must Read ethereum price crypto news BEST CRYPTO AI TRADING BOTS FOR 2024: UPDATED LIST Must Read ethereum price crypto news ethereum price crypto news BEST CRYPTO EXCHANGES AND APPS SEPTEMBER 2024 Must Read ethereum price crypto news TOP MEME COINS TO BUY NOW: WHAT YOU NEED TO KNOW Must Read ethereum price crypto news ethereum price crypto news TOP 10 WEB3 GAMES TO EXPLORE IN 2024; HERE LIST Must Read This sentiment is echoed by several other users on the subreddit who have reported similar issues. One user replied, “Same here! No cash, no emails about Kraken, no BTC. Kraken say contact trustees. Trustees say And, if it is marked as ‘Incomplete’, it means that the repayment is being prepared for remittance. and of course ‘we can’t provide individual advice.'” Another user highlighted that Kraken hasn’t even intimated updates regarding the Mt. Gox repayment via emails. They added, “Same issue, no emails from Kraken and a fob off about the specialized team contacting which they haven’t that was 7 days ago. I received the cash balance some months ago, but no BTC received.” Despite these complaints, there have been reports that many creditors have received their payments. On July 23, discussions on Reddit suggested that the majority of Mt. Gox creditors linked to the Kraken exchange confirmed they had received their funds. Hence, this indicates that while the distribution process is underway, there are still unresolved cases causing significant concern. Also Read: Bitcoin Under Pressure With Mt. Gox Distribution, Key Levels to Watch LACK OF COMMUNICATION Further compounding the frustration is the lack of detailed communication from both Kraken and the Mt Gox trustee. The original poster noted the receipt of two key emails. These include one from Kraken on February 15, 2024, titled “Confirmation and Next Steps – Your Account is in Good Standing” and another from Mt Gox on March 8, 2024, confirming account ownership. However, a crucial follow-up email in
More about Tanzanian Royalty Exploration Corp
Tanzanian Royalty Exploration Corp, Tanzanian Gold Corporation is engaged in the exploration and development of mineral property interests in the United Republic of Tanzania. The company is headquartered in Vancouver, Canada.
Industry: ENERGY & TRANSPORTATION
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