Payment processing firm OKPay has defended its recent transfer of withheld deposits totalling almost $6.1m to Mt Gox, saying a court order compelled it to make the payments.
Until mid-August, the funds had existed in limbo in a Mt Gox-owned account and OKPay had intended to return everything to customers.
OKPay CEO Konstantin Romanovsky told CoinDesk that was no longer possible after a court decision in the British Virgin Islands (where OKPay is registered) ordered that the amount legally belonged to Mt Gox.
“Initially, we fought for the right to return the money directly to customers, but Mt Gox forbade us to do so. We reached the court, which eventually ordered us to pay the money [into the] Mt Gox Trustee Fund, and not to send money back to customers. As a result, we have fulfilled the court’s decision in the BVI and recently sent money […] We understand that for our business’ overall image it would be better if we could send money back to them… But we had no other choice, and the decision of the court is already an undeniable factor.”
Romanovsky also refuted a separate rumor that OKPay itself would be closing down, blaming poor translations of original articles. “This is complete nonsense,” he said.
- ^ OKPay (www.okpay.com)
- ^ Bitcoin Talk (bitcointalk.org)
- ^ Mt Gox creditors (www.coindesk.com)
- ^ including $200,000 to parent company (www.coindesk.com)
- ^ suspended transactions (www.coindesk.com)
- ^ Dwolla (www.coindesk.com)
- ^ later reviewed (www.coindesk.com)
- ^ Mt. Gox (www.coindesk.com)
- ^ Okpay (www.coindesk.com)