TweakTown
Tech content trusted by users in North America and around the world
5,936 Reviews & Articles | 38,247 News Posts

US judge orders former Mt. Gox CEO to appear and explain himself

Former Mt. Gox CEO has been ordered to appear in bankruptcy court to disclose how the company lost millions in bitcoin currency that was stolen

| Hacking & Security News | Posted: Apr 3, 2014 11:17 am

Former Mt. Gox CEO Mark Karpeles has been ordered to the United States by U.S. Bankruptcy Judge Stacey Jernigan, in an effort to get him appear to discuss Mt. Gox's current bankruptcy case.

 

TweakTown image news/3/6/36730_01_us_judge_orders_former_mt_gox_ceo_to_appear_and_explain_himself.jpg

 

Following news the bitcoin exchange lost $400 million of customers' bitcoins, the company shuttered, while customers believe the money was stolen by company officials. As Mt. Gox goes through the bankruptcy court, Judge Jernigan is curious to hear what happened to the bitcoin currency.

 

"If he avails himself of this court, my God, he is going to get himself over here," Judge Jernigan said.

 

It's still unsure what led to Mt. Gox's ultimate demise, though the company said it was hacked and the bitcoins were moved. Following the breach, however, there were rumors that at least some of the money was safe and in the control of Mt. Gox officials.

NEWS SOURCESReuters.com, Static3.businessinsider.com, Assets.nydailynews.com

Related Tags

Further Reading: Read and find more Hacking & Security news at our Hacking & Security news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases