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Mt. Gox CEO Karpelès Reveals Details of 2014 Collapse and Japanese Detention

86 points by giuliomagnifico

by kbenson

1 subcomments

Small nitpick with the title, because I still find it humorous all these years later, but it's not "Mt. Gox" like Mount Gox, it's MTGOX, which stands for Magic The Gathering Online Exchange, as it started out as a trading platform for that, and adopted bitcoin early as a way to facilitate trades of the cards without cash.

by ilamont

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The article mentions he was convicted of falsifying records. Kind of surprised Japan lets foreigners with criminal records stay in the country.
And:
At shells.com, his personal cloud computing platform, he’s quietly developing an unreleased AI agent system that hands artificial intelligence full control over a virtual machine: installing software, managing emails, and even handling purchases with a planned credit card integration. “What I’m doing with shells is giving AI a whole computer and free rein on the computer”, a brilliant idea, really. AI agents on steroids.
Like managing other people's crypto, it seems like an idea that could actually blow up your face.

by my_throwaway23

1 subcomments

Over 10 years of providing details and documents, but still waiting for my 0.75 BTC.

by ggambetta

0 subcomment

by rpcope1

0 subcomment

I like how this paints Karpeles, the Ripple guy and Roger Ver as seemingly upstanding individuals who didn't do anything wrong.

by edfletcher_t137

1 subcomments

Working with Andrew Lee on vp.net, who maliciously imploded Freenode some years ago. Birds of a feather...

by mvkel

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Time heals all wounds, even self-inflicted ones. I don't sense much remorse from this guy.

by wmf

1 subcomments

I think this article undersells his criminality; "falsifying records" is a pretty kind way of saying he covered up insolvency and massively manipulated the Bitcoin market.

by mrkramer

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The guy was running hosting company which sold web domain to the Silk Road guy and then the Russian dude who run BTC-e exchange hacked his exchange(which was by the way sold to him by the Ripple founder). This is like some cheesy crime movie. Tell me about Bitcoin's circular economy and his bad luck or to be more precise incompetence. This guy basically blew away billions of dollars of people's money not knowing what the hell he was actually doing or who he was dealing with.

0 subcomment

by optimalsolver

4 subcomments

"So you're telling me there's a financial exchange for Magic The Gathering players? How do I put all my money in this?"
-Someone in 2010