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Mt. Gox Creditors Neither Need nor Deserve This Kind of ‘Hero’

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Brock Pierce has launched his own bid for the civil rehabilitation of Mt. Gox, promising to pay out all current funds to creditors while also talking about issuing debt tokens or giving away equity in a resurrected Mt. Gox exchange. As noble as this may sound on the surface, there are strong reasons to question the credibility and motives of this proposal.

Also read: Crypto Investor Brock Pierce Is Attempting to Pull Mt. Gox From the Ashes

Let’s Be Clear

First, Pierce is basing this plan on a fresh assertion that he is the rightful owner of Mt. Gox, as ...

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