Mt. Gox CEO Mark Karpeles is putting the domain name bitcoins.com up for sale and states that the proceeds will be used to reimburse users of the bankrupt currency exchange.
The bidding for the domain name will begin at $185,000 and is expected to reach more than $750,000. “We are hoping, with the sale of Bitcoins.com, to provide some relief to the people impacted by the Mt. Gox bankruptcy. And will be putting at least half of the sale amount toward that purpose,” Karpeles said.
Mt. Gox was the largest bitcoin exchange in the world, and its bankruptcy earlier this year resulting in the loss of over 850,000 bitcoins (worth around $500 million in today’s prices) after hackers emptied accounts.