Karpeles Warns of another Mt. Gox, but BitFinex might have the Answer
Former CEO Mark Karpeles warns Mt. Gox's US$500 million loss of funds could happen again, just as BitFinex announces its own possible solution. As Mark Karpeles expressed his concern that digital currency exchanges are still holding customer deposits, BitFinex has announced a new system designed to verifiably hold each account's funds separately on the blockchain. The scale of the problem both are addressing is huge with 818,000 bitcoins being reported as stolen between 2010 and early 2014. With Karpeles being CEO of the Mt. Gox exchange when it lost US$500 million of customer deposits,....
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Despite the fact that a bankruptcy Judge in Texas ordered disgraced Mt. Gox CEO Mark Karpeles to the United States for questioning, it would not surprisingly appear as if Karpeles is unable to make it here. Judge Stacey Jernigan demanded Karpeles appear if the company wanted bankruptcy protection, but Karpeles' lawyers cited a FinCEN (Financial Crimes Enforcement Network) subpoena as the reason for the no-show. That subpoena called for Karpeles to show up in Washington, D. C. on Friday to testify. "Mr. Karpeles is now in the process of obtaining counsel to represent him with respect to the....
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....
Bitfinex has alerted of phishing emails being circulated from an address that is made to appear to be one of its email addresses. The distressed company notes in a blog post on its website that the email is not from any @bitfinex.com address but from @ibitfinex.com, stressing the additional i. Bitfinex states: We like to stress this is not a message sent out by Bitfinex and we advise anyone that has received this email or any similar email to delete it immediately. Do not open the attachments and if you have opened the attachments do a full virus scan of your computer. It added that any....
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....
As Mark Karpeles was being arrested on August 1, 2015, his former employee Ashley Barr, who operated under the name "Adam Turner," took to Reddit to answer questions about his time at Mt. Gox. In his introduction, Barr wrote, "I was hired by Mark [Karpeles] in June 2011 to help him handle the crazy inbox at Mt. Gox during bitcoin's initial rally. In January 2012 I was asked to become Mt. Gox's CEO, a process which led to my dismissal in May 2012. My statement along with other ex-employees have led the Tokyo Metro Police's arrest on embezzlement and 'illegal manipulation of accounting.'.....