Karpeles announces sale of domain Bitcoins.com: half the profit goes to Mt. Gox clients

Last updated on July 9th, 2014 at 10:27 pm

The CEO of the now defunct exchange Mt. Gox, Mark Karpeles, has announced he is auctioning the domain Bitcoins.com.

The website was originally launched in 2013 to provide information about the world’s most famous digital currency. However, now the domain is being sold to the highest bidder through the American auction house Heritage Auctions.

The auction will happen on July 24th and has an opening bid of $185,000. Nevertheless, taking into account Bitcoin’s growing popularity, the price is expected to reach a value around $750,000, PCWorld reports.

Until now, Bitcoins.com was owned and operated by Tibanne Co., Mt. Gox’s parent company. According to Mark Karpeles, the profit will be used to keep Tibanne running, but at least half of it will benefit Mt. Gox creditors, previous clients that lost money due to the collapse of the exchange.

Still, Karpeles says that “it is difficult for us at this time to provide a more accurate figure”.

Maria Santos

Maria is an experienced journalist currently living in the UK. She has been writing about Bitcoin and the altcoin universe since 2013. She is also a member of the Lifeboat Foundation's New Money Systems Board and a big cryptocurrency supporter.

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