American venture capitalist Brock Pierce earlier made an announcement about a potential relaunch of the infamous cryptocurrency exchange Mt. Gox, which stirred controversy in the crypto community. However, in a recent interview with Forbes, Pierce doubles down on his plan to bring back the Japanese monster, and it could happen in Q2 2019.
Mark Karpeles breeds confusion
Pierce, who acquired the exchange back in March 2014, is supposed to be the only shareholder. Mt. Gox CEO Mark Karpeles reportedly sold the exchange for only 1 BTC, according to the letter of intent, but Karpeles still denies that the deal happened in the first place. In his latest interview, Karpeles claimed that the rights to the exchange belong to him given that the letter was withdrawn.
Not deterred by the criticism
However, Pierce is claiming that the relaunch could potentially occur ‘within 90 to 120 days’ if the stars align. On top of that, the crypto influencer states that ‘certain things need to happen’ for their plan to come to fruition.
Creditors are still fighting for their money
Mt. Gox, which at one point was the biggest exchange in the world, was famously hacked in 2014. Currently, the now-defunct exchange owes its creditors a whopping $1.2 bln. Pierce insists that creditors will get all their money under the Civil Rehabilitation Plan.
Godfrey Benjamin
Arman Shirinyan
Mushumir Butt
