Mt. Gox Soap Opera Continues: Karpeles Released on Bail, Shadow Companies, and Whale Dumps

Mt. Gox Mark Karpeles’ release on bail has produced a new radio program examining the historic hack and heist, but is also raising questions about sister exchanges such as BTC-e and their role in laundering stolen bitcoin. If all that wasn’t enough, a Gox trustee decided to dump over 400 million USD in bitcoin core and bitcoin cash in an effort to make Gox creditors whole.

Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining

Mt. Gox Money Laundered Through Always Efficient LLP, Claims FBI

Mt. Gox’s Mark Karpeles, released on bail in Japan, recently told England’s state-run media BBC Radio 4 File on Four how hard reality hit him back in 2014: “It felt like… when you fall from a building and you see the ground getting closer, and you feel like you are about to die. Mt Gox went from interesting project to being, I would say, a daily nightmare of dealing with banks, governments, people I never knew existed.” At that time, something like 7 out of every 10 bitcoin transactions were handled by the exchange. “I am very sorry that when I was in charge things happened the way they did.”

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