Brock Pierce, Mark Karpeles and the War of Words Over Mt Gox's Future

Brock Pierce wants Mt. Gox creditors to receive 100 percent of whatever they're owed - or so he says, anyway.

Weeks after announcing Gox Rising - his ambitious effort to unite the long-defunct exchange's creditors, submit a civil rehabilitation plan and relaunch the Mt Gox exchange itself - Pierce, a prominent crypto-entrepreneur, is walking back just how concrete these plans are.

Gox Rising comes after years of bankruptcy proceedings for the Mt Gox exchange, which collapsed in 2014 after the theft or disappearance of nearly a million bitcoins.

The crux of Gox Rising's plan is to create a central store of information for Mt Gox creditors, ensuring that they receive accurate information about its civil rehabilitation as proceedings progress, said Pierce.

Questions remain over who actually owns the Mt Gox platform and its assets.

Still, on Twitter earlier this week, Pierce said Karpelès "Knows" he sold his 88 percent of Mt Gox to Pierce.

Despite his insistence that he is the sole owner of Mt Gox, Pierce emphasized repeatedly that "We don't care who owns the equity of Mt Gox," but only "That the creditors get 100 percent" of their funds back.

Pierce did acknowledge that the change in status might affect whether Karpelès receives any funds, saying that "The bankruptcy trustee publicly stated that the owner of Mt Gox would be entitled to whatever the surplus was now that it's in civil rehabilitation, that may not be the case."

Still, if Pierce is granted control of the Mt Gox brand and domain, he hopes to relaunch the platform with creditors' buy-in.

The vastly different time zones are effectively slowing down proceedings, though Pierce hopes to file his bid for the Mt Gox domain "Soon."