June 5, 2019 @ 9:41 pm By Cali Haan  |  

Mark Karpeles, the man whose incompetence many believe resulted in the destruction of early Bitcoin-exchange Mt Gox and the loss of almost $500 million USD of Mt Gox user funds, is starting a new “blockchain” venture, AP News reports. Karpeles recently beat tremendous odds and… Read More

April 12, 2019 @ 7:33 am By Cali Haan  |  

The coordinator of Mt Gox Legal (MGL), a group of investors seeking redress following the loss of funds on now defunct early Bitcoin exchange, Mt Gox, has sent a letter to fellow investors stating that he stepping down and is selling his claim for $600… Read More

March 30, 2019 @ 6:08 am By Cali Haan  |  

Prosecutors in Japan have decided not to appeal a Tokyo court’s decision to acquit disgraced former Mt Gox Bitcoin exchange CEO Mark Karpeles on charges of embezzlement, Mainichi reports. Carpeles was, however, found guilty of manipulating Mt. Gox bitcoin trade data between February and September… Read More

March 15, 2019 @ 5:53 pm By Cali Haan  |  

The disgraced former CEO of the Mt Gox bitcoin exchange, Mark Karpeles, has defeated overwhelming odds by being found not guilty of all but one charge leveled against him by Japan prosecutors, who typically enjoy a 99% conviction rate. The charges, which, according to CNN,… Read More

December 12, 2018 @ 10:27 am By Cali Haan  |  

Prosecutors in Japan today asked the courts to levy ten years imprisonment against Mark Karpeles, former CEO of Mt Gox, the largest early bitcoin exchange, Nikkei Asian Review reports. Mt Gox folded in 2014 after $423 million in bitcoins and $247 million in cash went… Read More