TweakTown

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.

Published Thu, Apr 3 2014 6:17 AM CDT   |   Updated Tue, Jun 16 2020 4:29 PM CDT

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.

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

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.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

Related Tags

Newsletter Subscription

Latest News

View More News

Latest Reviews

View More Reviews

Latest Articles

View More Articles