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    Post: Mark Karpeles Arrest Affect On Mt. Gox Bankruptcy

    Posted by Ian DeMartino on 9/14/15


    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

    Posts on this thread, including this one
  • Mark Karpeles Arrest Affect On Mt. Gox Bankruptcy, 9/14/15, by Ian DeMartino.


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