The confession of the General Director of Mt.Gox Mark Karpeles: “I don’t need a billion dollars”

The confession of the General Director of Mt.Gox Mark Karpeles: “I don’t need a billion dollars”

The former CEO of one of the largest cryptocurrency exchanges Mt.Gox, mark Karpeles made a statement to the creditors covered with shame, and the now-defunct exchange: “I’m on your side”.

Karpeles, who just watched the collapse of the Tokyo stock exchange in 2014, said in the Reddit thread on Wednesday, April 4, that he is not planning to benefit from the bankruptcy of a company, a business which at the moment is seen in a Japanese court.

“I don’t want a billion dollars. From the first day I wasn’t planning to cash in on the bankruptcy exchange,” said Karpeles. “The fact that today, for me, bankruptcy is an opportunity to get rich is a complete fallacy, and I consider it my duty to prevent it”.

After the completion of the bankruptcy procedure Karpeles can usurp cryptocurrency worth more than a billion dollars, because lenders in Jena will be made on the basis of the exchange rate of Bitcoin at the close of the exchange — 480 USD per BTC.

“I don’t want in the blink of an eye to become rich. I’m not sorry. I just want this to end as soon as possible. To everyone,including me, got their share from what was in their MtGox”, he added.

Karpeles says that he is in favour of the rehabilitation of Mt.Gox to the citizens, which will give creditors the opportunity to vote for the future of the exchange. In this case, they will be able to distribute the remaining bitcoins, and coins received from the forks, directly to creditors, not to sell them to pay compensation in the Fiat:

“I shall make every effort to see that it happened”

Bankrupt exchange, as I believe, still holds more than 160,000 BTC and BCH, and it is unclear whether he will instruct the court to the Trustees to withdraw these coins in Fiat in the future.

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