News

Where are my bitcoins, Mark Karpeles?

Today, Mark Karpeles, the CEO of the bankrupted MtGox bitcoin exchange, pleaded “not guilty” in the embezzlement case against him in Tokyo. He was arrested in August 2015, after it became clear that earlier claims by him were false that MtGox was hacked and 480 million dollars in bitcoins were stolen. Including my 10K of Euro in bitcoin, that I bought in 2014, and kept at the – at the time – largest bitcoin exchange in the world.

Mark Karpeles, where are my bitcoins? Roughly half of the “lost” bitcoins reappeared from some private storage of Karpeles, who lived in a 10,000 eur a month penthouse, and is accused to have tampered with company records to cover his embezzlements. Some rumours are that Karpeles had gambling problems.

Although my claim is recognized, it seems to take ages for bankruptcy trustee Nobuaki Kobayashi, to pay back what’s left to claimants. As we all know, bankruptcy trustees seem to be part of the problem, rather than part of the solution.

Martijn Hoogeveen

Founder and CEO of Icecat NV. Investor. Ph.D.

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