Does the Mt. Gox Investigation Actually Matter?
Suppose the Japanese Police have conducted an investigation deep into the Mt. Gox affair, and they've got all this evidence to prove negligence or even theft on the part of Mark Karpeles. The question is: so what? What difference will that make? Will it magically make the funds re-appear in the accounts of investors? That should, after all, be the focus of all operations. To get the money returned the Mt. Gox account holders. Anything that doesn't center on that will ultimately be a fruitless exercise in state power. Mt. Gox robbed a lot of us of a lot of money, and most don't particularly....
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Treasury’s Office of Foreign Assets Control Is Allegedly Investigating Kraken
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The Mt. Gox maelstrom is starting to attract attention from law enforcement in Japan and the US. According to the Wall Street Journal, Mt. Gox has been subpoenaed by the US Attorney's office in New York. Additionally, a few thousand miles west, Japanese officials have confirmed that local authorities are looking into the matter, too. The Wall Street Journal cites an unnamed source, which revealed the federal subpoena was sent this month. Details are rather thin on the ground and at this point in time it remains unclear when the subpoena was sent, or what it is all about. In any case,....