Shameful: Bitcoin Exchange Mt. Gox's CEO Spent Stolen Funds On Prostitutes
The story of Mt. Gox is getting murkier; reports in Japanese media suggest that the disgraced Bitcoin exchange Mt. Gox's CEO, Mark Karpeles, could have used the embezzled funds on sex workers. As per a report in The Japan Times, the erstwhile CEO was facing fresh charges while Jiji Press, another news outlet, citing the police, said that he used the funds on "several women whom he met at venues that offer sexual services." Mt. Gox was based in Tokyo and was shut down last year after it acknowledged that 850,000 Bitcoin, worth around $480 million at that time, had disappeared from its....
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Mark Karpeles faced fresh embezzlement charges Wednesday as Japanese media claimed some of Mt Gox's stolen funds were spent on prostitutes. But, who cares? Is there anything all that unique about a successful man spending some of that hard-earned money (or in this case hard-stolen) on a good bang? Research shows the answer is 'not really.'. First, the charges. Tokyo police arrested France-born Mark Karpeles for moving 20 million yen ($166,000) in client money to his own bank account amid fraud allegations regarding the loss of hundreds of millions of dollars worth of Bitcoin. According to....
Shamed Mt. Gox former CEO Mark Karpeles allegedly used suspected embezzled funds to pay for prostitutes, new reports claim. Citing Japanese newspaper Yomiuri, local news publication Astrowani writes that Karpeles “spent an unspecified sum on prostitutes.” Another agency citing police makes reference to “several women whom he met at venues that offer sexual services.” Mt. Gox bitcoin CEO Mark Karpeles re-arrested on charges of embezzlement. The embattled ex-CEO is currently being held by Japanese police after it was alleged that he wired 20 million Yen (US$166,000) of Mt. Gox funds to his....
New embezzlement charges have been filed against Mark Karpeles for moving $20 million worth of yen in client money to his bank account and spending an unspecified sum on prostitutes, reported Astro Awani in Malaysia. Karpeles already faces fraud charges for the disappearance of hundreds of millions of dollars worth of the virtual currency from Mt. Gox, the now defunct Tokyo-based exchange. Citing Yomiuri, a Japanese newspaper, Astro Awani reported Karpeles spent an unspecified sum on prostitutes while the Jiji Press news agency in Japan said the charges involve "several women whom he met....
The donations received by Bitcoin Unlimited may have come from funds stolen from Kraken a few months ago. Bitcoin Unlimited recently made news after it received an unusually large donation of around $500,000 in bitcoins. The donation amount is now mired in controversy after it was claimed to have come from a questionable source. According to few reports, the donation received by the project may have been part of funds stolen from Kraken, a leading digital currency exchange. There were unconfirmed reports of Kraken suffering from a security breach in late July that resulted in a theft.....
HTX, formerly Huobi Global, was exploited recently for almost $8 million. Following the incident, Binance CEO Changpeng Zhao (CZ) has offered his assistance in tracking the stolen funds. Meanwhile, the exchange has tried to reduce the impact of the exploits on the network. It proposed 5% of the total stolen amount, worth approximately $400,000, as […]