Thursday, May 23, 2024
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Former Mt. Gox CEO issues NFT series agreeing to offer past clients with free access

In an exclusive interview, former CEO Mark Karpeles told Jake Adelstein that the Japanese trustee for Mt. Gox is likely to release the remaining trove of Bitcoins held by the failed cryptocurrency exchange.

A Japanese proverb says, “The foundation of success is failure.” Nobody understands this better than Mark Karpeles, the former CEO of Mt. Gox.

The world’s largest Bitcoin exchange went bankrupt in 2014 after being hacked and losing half a billion dollars in bitcoin.

Karpeles is back, and in a bittersweet development, he is establishing a firm based on the lessons he has learnt. UNGOX aims to be the first global rating agency for cryptocurrency exchanges, and Karpeles sees it as the Moody’s of the cryptocurrency sector.

To show that he has learnt from his mistakes, Karpeles is launching the company with a Mt. Gox non-fungible token (NFT) that will allow previous clients lifelong free access to the new website and service.

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Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.


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