That's amazing. He screwed up and lost so much of the customers' money the company so much they had to go into bankruptcy, which pegged the company's debts at the bitcoin-to-yen rate of 2014. The company has over 200,000 bitcoins.
So the rise in value of bitcoin has made Mt Gox extremely valuable in bankruptcy (possibly more valuable than if it were properly managed from the beginning) and now Mark Karpeles is a billionaire. Is that a correct understanding?
So the rise in value of bitcoin has made Mt Gox extremely valuable in bankruptcy (possibly more valuable than if it were properly managed from the beginning) and now Mark Karpeles is a billionaire. Is that a correct understanding?