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.