The former CEO of long-defunct Japanese cryptocurrency exchange Mt. Gox denied press claims he is returning to blockchain in comments to Cointelegraph on June 7. Mark Karpeles, whom a judge acquitted of embezzlement in March and is currently appealing a lesser conviction of data manipulation, says his activities with Tristan Technologies will not involve the cryptocurrency sector. As Cointelegraph reported, local Japanese media had interpreted remarks at a press conference on June 5 as meaning he was preparing to conduct blockchain-related activities. The Frenchman wished to make Japan a leader in the technology worldwide, the report from the Associated Press …

Mark Karpeles — the former CEO of the now-defunct bitcoin (BTC) exchange Mt. Gox — has revealed he will serve as the chief technology officer of a new Japan-registered blockchain technology firm. The news was reported by Japanese daily newspaper The Mainchi on June 5. Speaking at the Foreign Correspondents' Club of Japan earlier today, Karpeles reportedly declared his intention to make the country a global leader in blockchain technology by undertaking his new role as CTO of the new Tokyo-based firm, Tristan Technologies Co. Tristan Technologies reportedly plans to design a new, secure blockchain-powered operating system that would be …

Mark Karpeles, former CEO of now-defunct Mt. Gox crypto exchange, has appealed his conviction on charges of manipulating data, The Associated Press (AP) reports on March 29. On March 15, Karpeles was acquitted of charges of embezzlement, but was found guilty of tampering with financial records, with the court stating that he manipulated data to harm his clients, betraying their trust and abusing his engineering skills. The Tokyo District Court reportedly found Karpeles guilty of combining his personal assets with those of the exchange in order to conceal the platform’s losses to hackers. Karpeles reportedly received a two and a …

Japanese prosecutors have reportedly dropped their appeal to the acquittal of former Mt. Gox CEO Mark Karpeles, The Mainichi reports on March 29. On March 15, the CEO of the now defunct Mt. Gox cryptocurrency exchange was acquitted of charges of embezzlement, but was found guilty of tampering with financial records. According to The Mainichi, prosecutors had initially sought to appeal the acquittal on embezzlement charges, but subsequently decided to let the decision stand. Karpeles was reportedly accused of taking 341 million yen ($3 million) of customers’ money in Mt. Gox accounts and spending it on a software developer and …

Mark Karpeles — the former CEO of the now-defunct Bitcoin (BTC) exchange Mt. Gox — has refuted controversial crypto figure Brock Pierce's claims he can reboot the trading platform and accelerate compensation for Mr. Gox’s creditors. Karpeles made his remarks in private correspondence with Cointelegraph Japan on Feb. 12. As reported, Pierce — a crypto entrepreneur who co-founded Blockchain Capital, Block.one and EOS Alliance — is attempting to galvanize a “GoxRising” movement, purporting that creditor recovery would be speedier if certain legal and technical barriers were to be overcome. The plan also includes creating a united, tokenized foundation for creditors. …

Mark Karpeles — the former CEO of now-defunct cryptocurrency exchange Mt. Gox — has affirmed that he is not guilty in the final argument for his trial, Cointelegraph Japan reports Dec. 27. In court in Tokyo on Thursday, Karpeles apologized for not being able to avoid his exchange being hacked, but also reiterated the idea that he is innocent. As Cointelegraph Japan reported, in July, he declared that he treated the subtracted money “as a loan from the company,” and that he was going to settle later. Mark Karpeles has been charged with embezzlement of approximately 340 million yen (about …

The former CEO of defunct Japanese Bitcoin exchange Mt. Gox, Mark Karpeles, could spend ten years in jail over alleged embezzlement, Japanese daily news outlet Nikkei reported Dec. 12. Karpeles, who presided over the major hack of Mt. Gox in 2014 that resulted in the loss of 850,000 BTC ($2.87 billion), has repeatedly denied any wrongdoing. In a Tokyo court on Wednesday, prosecutors read out an indictment against the embattled executive, who is currently confined to Japan as a condition of his bail, claiming he stole funds worth 340 million yen ($3 million). The prosecution has asked for a ten-year …

The story of the infamous cryptocurrency exchange Mt. Gox seems to be taking a twist that could bring a relatively happy resolution to one of the most dramatic episodes in the short history of digital money. As the gates are now open for the Japan-based exchange’s creditors to file rehabilitation claims, chances are that most of the roughly 24,000 bereft patrons will eventually get their funds back and even see some returns on their involuntary, four-year long investment. The development came along thanks to a group of Mt. Gox creditors successfully mounting an effort to pull the exchange out of …

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. 'Another disaster waiting to happen' 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, his …

Bruce Fenton is a well-known Bitcoin activist in the crypto community. The Managing Director and founder of Atlantic Financial Inc. and Boston Gulf Advisors Group, more recently Bruce has been voted into the Bitcoin Foundation as executive director. He has big plans to revamp the foundation and bring some fiscal change. Cointelegraph previously briefly discussed with Bruce the realities of issues such as Ben Lawsky and the BitLicense scheme, but this time around we had a chance to have a more in-depth look at how Bruce aims to solidify the Bitcoin Foundation itself. Cointelegraph: Can you give our readers a …

Peter Todd, a Bitcoin core developer has outlined his view that more regulation on all levels is on the way for the digital currency sector; Stellar adopts SCP protocol proposed by a Stanford professor; Gavin Andresen has called ex-Bitcoin Foundation board members Shrem and Karpeles a “black eye” for the organization, and other top stories for April 16. Peter Todd expects greater, and more in depth, government regulation of Bitcoin Bitcoin core developer Peter Todd warns that he expects increasing governmental regulation within the digital currency sector, not only at the level of exchanges and services, but possibly also within …

The number two spot for the most hated man in Bitcoin has changed a lot. Currently, it might just be Josh Garza as many PayCoin investors are not happy with the results of that investment. For a while it was Butterfly Labs CEO Sonny Vleisides, and for a while it was that NewsWeek reporter. But the number one spot has never been up for debate. It has been and may always be, former Mt. Gox CEO Mark Karpeles. Losing or stealing 300 million dollars worth of Bitcoin will do that to you. Now, we are finding out that he may …