Mt Gox CEO Mark Karpeles Says ‘I Don’t Want Bankrupt Bitcoin Exchange’s Billions’


Mark Karpeles, the former CEO of what was once the world’s largest bitcoin exchange, Mt. Gox, has apologized on Reddit once again for the company’s 2014 collapse into bankruptcy.Mt. Gox users have been embroiled in legal battles to try to retrieve the millions of dollars they lost in the Mt. Gox collapse.

Depending on how Japanese courts handle the case, investors would be paid back in Japanese Yen, which means Karpeles and Mt. Gox would thus receive more than “160,000 bitcoin and bitcoin cash,” the Wall Street Journal reports. As a result, this bitcoin haul would be worth roughly $1 billion at current prices.

Karpeles wrote:

“I don’t want this. I don’t want this billion dollars. From day one I never expected to receive anything from this bankruptcy. The fact that today this is a possibility is an aberration and I believe it is my responsibility to make sure it doesn’t happen.”

“I never imagined things would end this way and I am forever sorry for everything that’s taken place and all the effect it had on everyone involved,” he concluded.


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