HomeBitcoinFormer MtGox CEO Makes New Revelation That May Excite Creditors

Former MtGox CEO Makes New Revelation That May Excite Creditors


In more than a decade since the MtGox exchange was exploited, the trading platform’s former CEO, Mark Karpeles has made a new revelation that might be intriguing to the platform’s creditors.

The New MtGox Disclaimer

Karpeles was dragged into a conversation concerning Dr. Craig Wright and the claims bordering on approximately 80,000 BTC that is resident on a wallet address starting with 1Feex. While in the numerous lawsuits and copyright ownership claims from Wright has hinted that he owns the 80,000 BTC in that address which was sent from MtGox, the community called on Karpeles to hear his thoughts on the claims.

Karpeles promptly noted that the transfer of funds from MtGox into the wallet address was not authorized by anyone from the defunct crypto trading platform. As such, he implied that whoever is laying claims to the funds in the address must have also exploited the trading platform altogether.

In his exact words, Karpeles wrote;

“I hereby certify that the 79956.55 Bitcoins sent to the 1Feex address on March 1st 2011 were transferred without proper authorization from MtGox’s original bitcoin wallet, and are considered stolen property belonging to the MtGox estate for the profit of the MtGox creditors.”

The declaration has opened up another intrigue to the MtGox creditor claims which remains unsolved at this time. It remains unclear whether or not any additional claims can be made to add the 80k Bitcoins to the coins claimable by the MtGox creditors.

The 80,000 BTC is worth the sum of $2,306,044,800, a sum that can make a difference to creditors across the board.

MtGox Creditor Claims: Current Update

For a hack that was carried out back in 2011, creditors are yet to be refunded. However, with registrations for repayment closed back in April this year, creditors are expecting their payment by October, barring any last-minute changes.

While the schedule remains intact, the timeline may still change should the restructuring committee deem it fit and secure necessary approvals from the Tokyo District Court. Despite the delay, there are projections that the repayments might be worth the wait in the long run.

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin


The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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