Posted by Ian DeMartino on 9/14/15

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I'm a journalist working for CoinJournal.net (not the
publication above, that is just for reference).

My apologies if this is off topic.

I am trying to get a better understanding of a news item
before writing about it. You may or may not be aware of the
Mt. Gox situation. It was a Japanese-based Bitcoin exchange
that failed in 2013 after it allegedly lost hundreds of
millions of dollars worth of bitcoin.

Predictably, there is a class-action lawsuit, that has a
trustee.

Now, Mark Karpeles, the former CEO of the now defunct
exchange, is facing jail time for allegedly embezzling 2.6
million dollars, prior to the events that led to the
exchange collapsing.

My question is this: in general, is it better for creditors
in these situations if the plaintiff goes to jail on a
related but not directly connected event? What does this do
for the chances of the individual customer to see some
actual monetary reimbursement for their loss?

Again, if this isn't the right place for this kind of post,
I apologize. I'll be checking here for replies, but you can
also email me at iandemartino@gmail.com

Thanks,

--Ian

Mt Gox CEO charged with embezzling £1.7m worth of bitcoin

Mark Karpeles Arrest Affect On Mt. Gox Bankruptcy, 9/14/15, by Ian DeMartino.

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