Mark Karpeles, former CEO of Mt. Gox, is expected to profit $859 million from the company’s bankruptcy.
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In 2014, Mt. Gox was the largest bitcoin exchange in the world, handling over 70% of all bitcoin transactions worldwide.
In February of the same year, Mt. Gox suspended trading, closed its website and exchange service, and filed for bankruptcy protection from creditors.
The company announced that approximately 850,000 bitcoins valued at more than $450 million at the time were missing and likely stolen.
“In the case these are sold, I do not believe it would realistically fetch any kind of value high enough to make this an actual issue,” said Karpeles, repudiating any misconduct in the Mt. Gox case.