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.
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.”