Ex Mt.Gox CEO Mark Karpeles Refuses Brock Pierce’s Claims Of Rebooting The Exchange

The Former CEO of the now-closed Bitcoin exchange Mt.Gox, Mark Karpeles is what we are reading more about in today’s crypto news after he disapproval of the claims made by Brock Pierce that he could reboot the platform and speed up the acceleration of the compensation for the Mt.Gox creditors.

Pierce, who founded the blockchain capital Block.one and the EOS alliance, is not trying to start a new movement ‘’GoxRising’’ that aims to speed up the recovery for creditor refunding and break the technical and legal barriers. His goal is to reboot the platform that collapsed in 2014 and lost roughly $460 million at the time.

Karpeles challenged Pierce’s rights and abilities to reboot the platform and basically started a dispute. There was no agreement reached and Karpeles clarified:

 “As far as I know no agreement was reached within 45 days, nor did the court and the trustee approve such an agreement. We were working with our lawyers at the time in good faith to follow the terms defined there but failed to hear back from Sunlot after they assured they were working on this, including assisting in getting approval from the court.”

Another problem appeared when Pierce claimed that his initiative could start the creditor recovery after he claimed that the entire problem could be settled within a year rather than the 5 years it would take under the wing of the Tokyo attorney Nobuaki Kobayashi. Karpeles continued:

 “As to distributing assets faster than the trustee, I haven’t heard at this point anything that would make this possible from Gox Rising [sic]. The published plans seem to imply reviving Mt. Gox and creating a lot of complex legal structures which may take time to happen.”

Karpeles pleaded not guilty in his trial but was eventually charged for embezzlement of $3 million from Mt.Gox.