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Mt. Gox Working With Japanese Cops; Creditors Want CEO To Testify In US

Posted by timothy on from the somewhere-someone-is-on-the-beach-with-a-margarita dept.

jfruh (300774) writes "The latest developments in the sad saga of Mt. Gox's missing bitcoins: the exchange has announced that it's working with Japanese police to try to determine who (if anyone) stole the bitcoins entrusted to Mt. Gox, resulting in the company's collapse. There are serious doubts as to Japanese law enforcement's abilities to deal with the technical issues involved. Meanwhile, Mt. Gox creditors [have rejected] Mt. Gox CEO Mark Karpeles offer to testify in their lawsuit against him from Taiwan, and have demanded that he come to the United States."

3 of 62 comments (clear)

  1. Yeah right... by Anonymous Coward · · Score: 4, Insightful

    Come on over to the US for trial, we promise to treat you fairly.
    It might very well be that the mtgox CEO is corrupt, but in the current state of affairs why whould anyone trust the US government enough to go there of their free will to testify?

    1. Re:Yeah right... by gstoddart · · Score: 5, Insightful

      Point of fact: he ran a bank that lost a whole bunch of people's money.

      Point of fact: he ran something which people think looks like a bank, but wasn't.

      This is more along the line of a private company offering to hold onto your money for you.

      --
      Lost at C:>. Found at C.
  2. Your stereotype is out of date by SteveFoerster · · Score: 3, Insightful

    Stop stereotyping -- there are reasons to use Bitcoin other than just to be anti-establishment. It's an inexpensive and instantaneous way to transfer value internationally, for example.

    Besides, Bitcoin isn't untraceable. The blockchain means it's rather the opposite, and thus is much less suitable for crime or tax avoidance than its detractors say.

    --
    Space game using normal deck of cards: http://BattleCards.org