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

UpOnly: Chats with Crypto Experts

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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

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