TechFlow News — On July 24, Kraken CEO Dave Ripley announced on social media that Kraken has successfully returned the Bitcoin (BTC) and Bitcoin Cash (BCH) received from Mt. Gox to its creditors. This process, which began nearly a decade ago when the trustee selected Kraken to assist in investigating and returning customer funds, has faced repeated delays due to legal litigation.
Ripley stated that while early distributions were impacted by frivolous lawsuits, he expressed gratitude toward the trustee for safeguarding the assets and holding onto the majority of the Bitcoin over the long term, calling this preservation of value exemplary and greatly appreciated by all creditors. He also noted that Kraken will soon celebrate its 13th anniversary, emphasizing that these events serve as a powerful reminder of their profound responsibility and mission to customers.
