Posts with the TAG ags/mark karpeles

The former president of the infamous MtGox exchange once again apologized for his role in the bankruptcy of the exchange in 2014. On Wednesday at Reddit Mark Karpeles published a letter to the Exchange users, many of whom became participants of a long battle in the struggle for their money lost by the exchange. In the letter, he responded to accusations that he personally would benefit from the decision of the Japanese courts considering the case. According to the Wall Street Journal, Karpeles can get almost a billion dollars, which will remain after the Exchange users receive returns on the current settlement scheme. Under the decision of the Tokyo court, the creditors of MtGox will be paid the cost of their Bitcoins in the Japanese yen at the time of closing the exchange, and not in the cryptocurrency.

Will there be a happy owner of $ 245 million, willing to spend it on restoring the infamous MtGox exchange? Having not yet paid off with lenders who have been waiting for a refund for almost four years, Mark Karpeles, who has grown thin in a Japanese prison, wants to restore the exchange and even hopes for community support. Therefore, without pleading guilty to the charges against him of money laundering and embezzlement, Karpeles stated that the revival of MtGox would help creditors get some of the money lost because of the bankruptcy of the exchange. Otherwise, due to the complexity of the bankruptcy procedure, creditors can hardly hope for early repayments. Karpeles told this in his blog.