The collapse of the cryptocurrency exchange Mt. Gox has dealt a serious blow to the reputation of the industry, and its revival might have been able to compensate for it at least a little. Bitcoin millionaire, ex-chairman of the Bitcoin Foundation and the head of Blockchain Capital, a venture capital firm who voiced his plans to revive the bankrupt stock exchange, thought exactly that. It is reported by Techcrunch.
Now, as part of civil rehabilitation, 24,000 former users of Mt. are trying to get their funds back. Gox. However, after five years of compensation did not begin to be paid.
Pierce plans to revive Mt. Gox from the ashes and challenge Coinbase and Binance by fighting with them for the title of the largest cryptobirds. He also wants to eliminate legal and technical barriers so that, finally, all assets will be returned to their rightful owners. At the moment there are about $ 630 million and 150 thousand BTC in the reserves of the exchange.
Pierce admits to trying to acquire Mt. Gox back in 2013, but then he was prevented from problems with the law - he had to flee from the United States to Spain. However, later he managed to partially restore his reputation in cryptomir. He co-founded Blockchain Capital and, ultimately, the EOS project.
Get hold of Mt. Gox Pierce also tried in 2012, when the stock exchange was at its peak, but then he failed to make a deal - prevented by Goldman Sachs. The bank was allegedly against buying a platform due to regulatory issues. Pierce himself was also not quite sure of the “stability” of the exchange - the shaky technological base was embarrassing.
After the collapse of Mt. Pierce's Gox investment group, called Sunlot Holdings, bought Jed McCaleb's 12% stake in just 1 BTC, although McCaleb himself did not get Bitcoin, and it is unclear whether the deal was made.
After Pierce allegedly negotiated with Mark Carpeles to purchase the remaining 88%, but the latter, he said, tried to exit the deal. Now she is in a state suspended from a legal point of view.
Today, Brock Pierce plans to acquire the brand and domain of Mt.Gox to launch the exchange of the same name without the custodial component, return all funds to the lenders and even launch the Gox Coin token. He will grant ex-users of Mt.Gox ownership of a share in the new company.
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