The CEO of Mt. Gox has opposed a motion for class certification in a lawsuit brought by one of the collapsed exchange's former users on the basis that the draft rehabilitation plan more beneficial to them.
Greene has been claiming for the value of the crypto and fiat held in Mt. Gox when the exchange was hacked and went offline in 2014, which was worth around $25,000. Karpeles' attorneys note the yen alone Greene would receive under the rehabilitation plan is currently worth over $22,000.
They conclude that a class action would not be "the superior method to address these claims" in contrast to the rehabilitation plan which Mt. Gox creditors will soon be able to vote on and recover their losses through the Tokyo District Court's proceedings.
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