Mt.Gox Founder to Doubt Company's Relaunch

Mark Karpelese believes to conclude a deal of this kind, a court decision is needed
12 February 2019   183

Mark Karpeles, the former CEO of the Mt.Gox bankrupt bitcoin, questioned the millionaire Brock Pierce’s plans to restart the trading platform and said that the latter probably has incomplete information about the rights of shareholders. This was reported by The Block.

Karpeles that he had received only a letter of Pierce’s intention to acquire Mt.Gox, but the terms of the document were not fulfilled by the parties. According to him, to conclude a deal of this kind, he needed a court decision. In addition, the final agreement was to be signed within 45 days. The letter “doesn’t have any value right now,” said Karpeles.

In turn, Brock Pierce argues that it was the then head of the exchange who tried to disrupt the deal.

It is noteworthy that the transfer of Jed McCaleb’s share (12%) for 1 BTC is probably also invalid, or has never taken place, since this required the approval of all shareholders.

Brock probably believes that the shareholders will receive the entire surplus, which was indeed the case when in bankruptcy but it’s not the case anymore with Civil Rehabilitation. In the case he somehow managed to launch a new exchange called Mt. Gox, which would take anywhere from six months to a year to get the necessary licenses, I don’t see any people using the exchange. No one wants to see something called Mt. Gox anymore.

Mark Karpeles

Founder, Mt. Gox

Earlier, Brock Pierce reported on plans for a "rebirth" of Mt.Gox exchange. 

Poloniex to Suspend Operations for Few Hours

Representatives of the exchange say users' funds will be completely safe during maintenance
21 February 2019   84

The cryptocurrency exchange Poloniex has announced maintenance, which will begin on February 22 at 22 UTC. The trading platform will be unavailable for several hours.

Representatives of the exchange claim that the users' funds will be completely safe. Technical work associated with the modernization and transition "to the best data centers, which will increase the reliability of the platform and increase uptime."

Also in Poloniex noted that the trade orders of users will not be canceled.

Recall, recently Poloniex has added to the listing of privacy-oriented cryptocurrency Grin.