Mt. Gox CEO ordered to US for questioning – report

Mt. Gox CEO ordered to US for questioning – report

A United States (US) judge has ordered the chief executive officer (CEO) of now defunct Bitcoin (BTC) exchange Mt. Gox to the US for questioning, according to a report.

Earlier this year Mt. Gox ceased its services, shutting down its website after rumours of the exchange being hacked resulting in the theft of Bitcoins.

 Reuters reports Mark Karpeles has been ordered to the the US to answer questions about the disappearance of 750,000 BTC (US$370 million).

 Karpeles announced last week the company was cooperating with Tokyo police after it recovered 200,000 BTC of its missing currency in an old format wallet last used before June 2011.

 “Taking into account the existence of the 200,000 BTC, the total number of Bitcoins which have disappeared is therefore estimated to be approximately 650,000 BTC,” Karpeles said.

 The company has also recently allowed its users to verify their balances on the website. However, Mt. Gox did not allow their customers to file rehabilitation claims.

 “Please be aware that confirming the balance on this site does not constitute a filing of rehabilitation claims under the civil rehabilitation procedure and note that the balance amounts shown on this site should also not be considered an acknowledgment by Mt. Gox Co., Ltd. of the amount of any rehabilitation claims of users,” the company said.

Posted in: Internet

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