Wasn’t Me: Mt. Gox Original Founder Distances Himself from Karpeles
Mark Karpeles has dealt with a lot of criticism since the collapse of the Mt Gox Bitcoin exchange earlier this year – and the original creator of the Mt. Gox Bitcoin exchange, Jed McCaleb, is trying to make sure he is not lumped into the same category as Karpeles. McCaleb recently gave an interview to Ars Technica and said that he himself lost $50,000 in cash when Mt. Gox went bust. McCaleb is now trying to move Mt. Gox from under a Japanese court-appointed administrator to the hands of a group of American entrepreneurs. McCaleb, who created the Mt. Gox platform in 2010, explained how this....
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The true personality of Mark Karpeles, Chief Executive of the now-defunct Mt. Gox bitcoin exchange, is finally coming into the spotlight. So who was this financial genius under whose leadership Mt. Gox rose to astronomical levels before it lost a reported $500 million in bitcoin? According to Roger Ver, who worked with Karpeles during one of the company’s security breaches: “He wasn’t ever focused on Mt. Gox like he should have been.” Karpeles acquired Mt. Gox in March 2011 from founder Jeb McCaleb. Within three months after changing hands, Mt Gox’s user base ballooned from 3,000 to 50,000....
The notorious Mark Karpeles, CEO of Mt Gox, was released on bail yesterday after paying nearly $100,000 prior to being released, according to Japanese media. In 2014, the now-defunct bitcoin exchange, Mt Gox, collapsed after it was reported that it had lost hundreds of millions of dollars in customers bitcoins. Karpeles can’t leave Japan. According to Japanese news outlet, News24, Karpeles paid around $100,000 with the condition that he wasn’t to leave Japan once on bail. Since the collapse of Mt Gox, Karpeles was reportedly arrested twice last year in connection with the investigation....
One of the world’s biggest remittance companies issued a statement addressing the recent turmoil between Ripple and the U.S. Securities and Exchange Commission (SEC) due to a lawsuit filed by the regulator against the crypto company. Moneygram Distances Itself From Ripple in the Midst of the US SEC Lawsuit According to the official statement, Moneygram pointed out that its collaboration with the blockchain firm doesn’t involve using the ODL platform or Ripplenet for direct transfer of consumer funds, “digital or otherwise.” Also, they added that “Moneygram is....
Mark Karpeles, the CEO of bankrupt bitcoin exchange Mt Gox, has denied claims he manipulated account balances while he was running the Tokyo-based company. According to a local media report, Karpeles told Japanese police he had no knowledge of the disappearance of any bitcoins and that he "was just a victim". Karpeles was re-arrested in Tokyo last week following allegations he had embezzled ¥321m ($2.6m) of customer deposits to fund his personal projects. The report, which bizarrely noted that Karpeles has an intelligence quotient of 190 - which would make him a genius - also cited the CEO....
The 4th creditors meeting in Tokyo for the Mt. Gox bankruptcy case wrapped up today with a staggering report of claims. 2,663,398,225,570 JPY which is roughly worth 22 billion dollars was claimed in the report by creditors. The report came from the Tokyo District Court, Collegiate Section of the 20th Civil Division. Breakdowns of the numbers in Bitcoins....