Mt Gox CEO: I Don’t Want Bankrupt Bitcoin Exchange’s Billions

The former chief executive of what was once bitcoin’s largest exchange has again apologized for his role in the company’s 2014 collapse and demise into bankruptcy.

In a Reddit post on Wednesday, Mark Karpeles issued a letter to the exchange’s users, many of whom have been locked in a years-long battle to retrieve funds lost by the exchange. In the letter, he struck back at the idea that he would personally benefit from how Japanese courts are likely to handle the case.

As reported by the Wall Street Journal, Karpeles stands to receive millions expected to be left over after the exchange’s users have been reimbursed due to the fact all creditors would receive the value of their bitcoin holdings in Japanese yen, not bitcoin itself.

According to Karpeles, the exchange would receive more than “160,000 bitcoin and bitcoin cash” as a result, figures worth north of $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.”


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