Karpeles Confesses. All Your Bitcoins are Gone.
Karpeles bowing in apology. Mt. Gox CEO Mark Karpeles just came on Japanese TV channel Asahi News Network today and publicly apologised for the Gox disaster. According to various translations, Karpeles is "really sorry for causing trouble to all the people concerned... The 750,000 Bitcoins we kept for users, (37,000 million yen), are almost all gone." That's more than $400 million of Bitcoins lost due to what Karpeles describes as "weakness in the system." [youtube http://www.youtube.com/watch?v=NeuCuM9CkBc]. Furthermore, Mt. Gox is officially filing for bankruptcy protection, with an....
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In a follow-up to the previous article in which a Japanese source claimed that the Japanese Metro Police Department was looking into additional charges against former Mt. Gox CEO Mark Karpeles for fraudulent system manipulation, sources now confirm that Karpeles has been arrested by Japanese Police. Karpeles is suspected of having accessed the exchange’s computer system and falsifying data regarding its outstanding balance. Mt. Gox Formerly claimed that the balance issue was caused by a bug, but later filed for bankruptcy, losing over 850,000 bitcoins. Since the huge loss, over 200,000....
Japan’s leading English newspaper, The Japan News, is reporting that their sources in Metropolitan Police Department say only 1% of the 650,000 Mt.Gox bitcoins were lost to hacking and that the remaining 99% were lost due to fraud. Former Mt.Gox CEO and only employee, Mark Karpeles, has kept up the story that the coins were stolen because of a bug in the bitcoin’s code called transaction malleability. The bug allowed attackers to change the transaction ID and act as if they never received the transaction. Karpeles has maintain that attackers used this temporary flaw to drain the exchange....
Mark Karpeles is back in the headlines with a recent interview with PC World. Beyond launching some new services and returning to Twitter over the last several months, Karpeles has otherwise been reticent about talking about Bitcoin to the press since such conversations invariably lead to the failed Mt. Gox. Karpeles gave IDG News Services, operator of PC World, an interview on the condition that litigation, police investigations, and Mt. Gox not be discussed except in broad terms. CCN has also previously interviewed Mark Karpeles about his new project, forever.net. Also read: Mark....
Japanese news reports that Mark Karpeles, the infamous CEO of Mt Gox, was released on bail yesterday. The video from News24 Japan says Karpeles was let out after being imprisoned for a year and he was released on a $100,000 bail. Mark Karpeles Posts Bail and Weighs a Lot Less. Mark Karpeles was arrested last year by Japanese authorities for being....
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....