Mt. Gox Scammer Mark Karpeles : to pocket $1 Bln

[CryptoGirl]

Mark Karpeles, who’d previously been charged with money laundering and embezzlement, was in charge of Mt. Gox when one million Bitcoins were stolen from the exchange. At the time of the filing of the bankruptcy for the company the value was approximately $400 mln.

Creditors from the bankruptcy and former Bitcoin holders from the exchange had requested to be credited with Japanese Yen, but at the BTC price in 2014 at the time of the event - around $480.


The value of the assets of Mt. Gox are now well over $1.3 bln, meaning that Karpeles will likely walk away with $859 mln in net profits.