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Learning & News => News related to Crypto => Topic started by: Cordillerabit on November 29, 2017, 12:46:37 AM

Title: Karpeles Coin: Mt. Gox Founder’s ICO Plans Cause Community Outrage
Post by: Cordillerabit on November 29, 2017, 12:46:37 AM
(https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8yNjI1MWM0NWE1MzdjMjQyZThkNzZiNDI1MzA5ZTNjYS5qcGc=.jpg)


From 2011 to 2013, the now-defunct cryptocurrency exchange Mt. Gox, had lost 850,000 Bitcoins it had stored on behalf of its clients and traders. At today’s Bitcoin price, the stolen Bitcoins amount to a staggering $8.25 bln.

In a blog post, Karpeles completely dismissed the creditors by expressing his intentions to pay out the minimum amount possible and keeping the majority of the 202,000 Bitcoins.

https://cointelegraph.com/news/karpeles-coin-mt-gox-founders-ico-plans-cause-community-outrage