Bitfinex Bail-In Versus Central Bank Bailouts

Bitfinex Bail-In Versus Central Bank Bailouts

Bitfinex’s “bail-in” scheme after a major theft raised questions regarding its risk and fund management. What can we learn from the recent bail-in event? To answer, a look at the result of the bail-in, and how it differs from central bank bailouts is necessary. With central bank bailout schemes in place around the world, many who are new to the concept....

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Report: Mt Gox CEO Mark Karpeles out of Jail on Bail

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Karpeles Out on Bail – Now What?

In what must have been the story of the 1st half of 2015, Mt. Gox faced closure and bankruptcy under the direction of Mark Karpeles following a long stint of halted cash withdrawals and the resulting lockdown of Bitcoin withdrawals. As such, it isn’t hard to imagine that he had been taken into police custody in the following months due to suspected embezzlement. According to News24 Karpeles is expected to have paid just under 90K USD or 10M Yen to the Tokyo District Court thus securing bail and has left police custody on the condition that he will not flee the country of Japan. Speculation....