Four years ago, Mark Karpeles, CEO of Mt. Gox was charged with the disappearance of 850.000 Bitcoin. The controversial CEO of Mt. Gox decided to apologize for the Mistakes of.
In one session AMA (from Ask Me Anything) at Reddit, Mark Karpeles tried to address some of the accusations he accuses him of how he handled Mt's bankruptcy. Gox.
Below are some of his most interesting answers:
I did my best and tried to develop the system, running the biggest exchange at the time. He had big ones problems, but we didn't stay there. For a while. In the end, the methods I chose to try to get Mt. Gox, they ended up being inadequate, or just plain wrong.
I know I did not handle the last, stressful days of Gox properly. I can only regret what happened.
The Mt. Gox started operating in 2010 in Tokyo, Japan, and was one of the first major exchanges Bitcoin in the world. By 2014, Mt. Gox was handling 70% of all Bitcoin transactions worldwide when it filed for bankruptcy due to lack of a large amount of BTC.
Karpeles was of course blamed by all involved since he appeared to be making a huge fortune from the bankruptcy. Japanese bankruptcy laws stipulate that creditors' claims are registered in the price which has Japanese yen on the date of bankruptcy and not in BTC.
With the rise in BTC price from 2014 to date, even if all debts are paid, there will still be over 160.000 BTC left in Mt. Gox summer, which is in charge of distributing debts to shareholders.
Karpeles said:
I do not want this billion dollars. From the first day I never expected to take anything out of this bankruptcy.
On March, mentioned that Mt. Gox sold $ 400 million worth of cryptocurrencies. At the time, there were many who argued that the move was the reason for the sharp drop in the price of Bitcoin, according to TNW.
