Four years ago, Mark Karpeles, CEO of Mt. Gox was charged with the disappearance of 850.000 Bitcoin. The controversial Chief Executive Officer of Mt. Gox has decided to apologize for his mistakes.
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 launched 2010 in Tokyo, Japan, and was one of Bitcoin's first major exchanges in the world. Until 2014, Mt. Gox handled the 70% of Bitcoin's worldwide transactions when he filed for bankruptcy because of the lack of large volume of BTC.
Karpeles was of course accused by all ebluelying since he appeared to gain 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 of the BTC price from 2014 to date, even if all the debts are paid, they will still remain above 160.000 BTC in Mt. Gox estate, which is responsible for the distribution of debts to shareholders.
Karpeles said:
I don't want this billion dollars. From day one I never expected to get 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.
