5min chapter

UpOnly: Chats with Crypto Experts cover image

Mt. Gox's Mark Karpelès on Navigating Crypto Exchange Bankruptcy

UpOnly: Chats with Crypto Experts

CHAPTER

The Implications of a Bankruptcy

As things are right now I'm about to be due to receive one billion dollars Uh, so people what what would you distribute this one billion dollars to critters? Uh I say I mean I would want to but there are a lot of implications. As part of the income tax, I would need to pay on scalar amounts. About 15 percent wouldn't go to creditors and then the rest goes back to shareholders because it's chapter 11 not chapter 7. Even if tomorrow bitcoin price drops to zero,. mongos critters will still be able to receive from the stressedUh, the kind of amount they were expecting initially into bankruptcy. So they cannot get a worse deal, uh, from

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode