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Breaking News: Tether Faces Downgrade By S&P Global Amid Concerns Over Disclosure And Assets Holdings
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Breaking News: Tether Faces Downgrade By S&P Global Amid Concerns Over Disclosure And Assets Holdings

Mt. Gox Trustee Approving Large Payments to Tibanne?

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Last Updated: October 7, 2020 11:35 am
1 min read

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Let’s go ahead an file this in the “make what you will of it” cabinet.

If you’ve been following the Mt. Gox debacle, you’re probably already aware of a website called GOXDOX.org, whose main goal is to “[call] bullshit on behalf of [Mt. Gox] creditors.”

The site has thus far been a reliable hub for news related to the ongoing bankruptcy case of the failed bitcoin exchange, and a post published on Tuesday claims that Mt. Gox’s bankruptcy trustee has paid out large sums of money to Tibanne K.K., Mt. Gox’s parent company run by Mark Karpeles.

GOXDOX writes:

[blockquote style=”2″]Straight from the Trustee’s bank book, more cash payments to Tibanne K.K. from the bankrupt estate of MTGOX – how much money has Mark taken from creditors while still paying $20,000/month rent to live in a penthouse apartment?[/blockquote]

True indeed that Karpeles does live in a swanky apartment, but is that really where the money is going? I simply don’t have the answer, and Karpeles himself has previously told me that he refuses to speak on any matter related to Mt. Gox (I presume he’s under some sort of gag order).

So just how much has been paid out?

According to GOXDOX, that number is pegged at $420,000, labeled as “outsourcing fees.”

The website included documents (in Japanese) to support their claims, which you can view here.

What do you make of this? Will we ever get closure on the matter? Will Karpeles ever speak up and reveal everything that has happened?

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