Infamous Mt. Gox CEO, Mark Karpeles touts another blockchain venture

mark karpeles

It was a shock to the global crypto community that the infamous Mt. Gox CEO, Mark Karpeles could ever come out of his shell.

Well, Karpeles is not just showing his face to the public, he is now being publicized to have kickstarted another blockchain venture that will ‘make Japan a global leader in blockchain technology’

If you don’t know Karpeles, well, he was the man behind, based in Tokyo, Japan Mt. Gox was the largest Bitcoin exchange in the world when the going was good for him. However, things went awry when about 850,000 Bitcoins (BTC) went missing from the exchange. As at that time, it was estimated at $450 million.

Till date, the Mt. Gox Bitcoin heist is still the largest in the world. While Mt. Gox filed for bankruptcy, millions of its customers were left in cold with no answers. Authorities filed graft charges against Karpeles for mismanaging $3 million before the Bitcoin theft but he was cleared, however, Karpeles was found guilty of data manipulation few weeks to the theft. He was handed a suspended sentence earlier this year.

Here is the surprise factor – Karpeles’ image was battered by the Mt. Gox collapse and his move to stage a comeback through another blockchain venture left a lot of bitter taste in the mouth of many people whom might not lose money to Mt. Gox collapse, but felt the tremor during the whole saga.

With a book titled Cryptocurrency 3.0, Mark Karpeles is laundering his image telling his side of the story and perhaps trying to win back some trust, a priceless gift that he might never get given the wreckage left behind by the collapse of Mt. Gox.