Former CEO of Mt.Gox: CoinLab becomes a stumbling block to creditor compensation progress

Mark Karpeles, former CEO of Mt.Gox, said in an interview that Mt. Gox's court case is unlikely to be resolved in the short term. The actual progress now depends on a particular creditor, a company called CoinLab, which Mt. Gox has tried to work with to deal with US users. It turns out that CoinLab didn't get the right license, CoinLab tried to sue Mt. Gox, and Mt. Gox counterclaimed CoinLab in the US. At the same time, Mt. Gox went bankrupt, so the lawsuit became a claim. However, as things have grown, they have recently launched new claims of up to $16 billion, which has prevented all progress. Karpeles said that the amount of repayments that the creditor will receive has been determined, and the only thing that could change the amount is that CoinLab is approved for more compensation, but this is extremely embarrassing. According to Karpeles, the only thing left is the need to clear CoinLab’s allegations and then submit the original plan to the court. In fact, CoinLab is a major obstacle to moving forward.