Bitcoin Forum

I haven't heard much about this guy for a long time. Is he still in jail? Is he due in court some time soon? Has he already been convicted? There's not alot of info out there. I'm willing to bet he ain't as fat as he used to be.

Most likely he is still in the jail. I think he better stays there as many are still after an explanation from him, the moment he is out of the prison.

I think he is, there were some news lately and I think the trials wasn't even over yet or something. I think he will be out of jail faster than we can imagine, for some reason that's what I think. He will probably be out in 10 years and if he wasn't a total idiot he should have kept some Bitcoins hidden away from anyone where he can only find them, and in 10 years anyone holding something like 50 BTC will be rich as hell so that should be enough to retire.

good news: he is:

bad news: i guess he will be out in 30 years  :'(

He's out.  Got out a long time ago.  In Japan, they go pretty soft on guys if they say sorry and bow down.  Pretty much a slap on the wrist is enough.  I think Mark is in Monaco on the beach now.

They don't announce it because they don't want others to know how easy life is for criminals in Japan.

 I was following his Twitter account. However, of late it has been inactive. The last tweet was made almost an year ago.

https://twitter.com/magicaltux?lang=en

The latest news is that he spent some of the stolen money from Mt Gox, on trans-gendered prostitutes.

http://siliconangle.com/blog/2015/10/29/mark-karpeles-spent-missing-bitcoin-from-mt-gox-on-prostitutes/

Who is he ???

CEO of bitcoin exchange Mt. Gox

You can't tell me you haven't heard of the largest scam job in bitcoin's history  :(

Magicaltux is being magically tucked right now  ::)

Source?

Some time ago, bitcoin owners decided that allowing a centralized exchange with a completely trusted CEO to hold their money for them like a bank would be a good idea.  

Yeah, I know, it's exactly the sort of thing Bitcoin was intended to prevent, but ... reasons!

Well, predictably the banker's business model involves fractional-reserve banking.  

And as intended, Bitcoin is not compatible with fractional-reserve banking.  

So Mt Gox (you pronounce that, EMPTY-Gox) imploded and the sort of people who trust central bankers lost money.  Even though they had deluded themselves into thinking that they weren't trusting central bankers.

(cue world's smallest violin, playing a sad song).

Mark Karpeles?  Yeah, he was the central banker in this scenario.  Last I heard France and Japan were negotiating whether France could extradite the guy and prosecute him there on a different set of charges.  But that was, like, a year ago.  

The guy responsible for giving bitcoin its worth. Without him, we'd be trading in double digits now.

Don't listen to him, he's talking out of his ass.  But someone must know if he's still locked up.  Did no one from this wonderful worldwide community send him commissary money?

he is out. He has a good lawyer,
Remember, he is not convicted of anything yet, although has has many law sues against him. He magically discovered some coin, those remains to be distributed to many victims.

How do you get to that? He is actually the opposite of what you saying.... without him we would have been trading in quadruple digits by now. The amount of damage Mt Gox caused the reputation of Bitcoin,

is simple enormous. A lot of people got burned in the most early stages of it's adoption phase... some of those people turned against Bitcoin and are spreading FUD all over the place. In almost every media

coverage or content being created about Bitcoin... Mt Gox or Silkroad are mentioned at least once.  >:(

So he is now a unicorn  ::)
Where he can produce BTC/$ from his arse? Hah this guy deserves to rot in jail for being so full of it.
If he is free maybe he bunked in with those two thepiratebay guys and living it up in Laos  :D
http://arstechnica.com/tech-policy/2013/02/pirate-bay-co-founder-i-can-sit-here-and-jerk-off-for-5-years-and-i-will/

Lol, how ungrateful can you get? MtGox was *the only relevant exchange for years,* no one watched anything else. Mt.Gox price WAS bitcoin price, no ands ifs or bits. err... make that butts.
Why does this toxic community *always* crucify its Saviors?

He's not out.  He's (finally) in - cooling his heels waiting for trial.  

As best I can tell, he's been formally charged (finally) last month on security fraud, so he'll be going to trial (and given Japan's extraordinarily high conviction rate, almost certainly to jail) sometime in the future.  

Japanese law prohibits holding someone for more than 3 weeks without formal charges, so he'd been walking around loose for most of the time until charges were filed just last month.  Now that charges have been filed, and considering the high probability that he'd hightail it out of the country otherwise, they're holding him.  

Japanese investigations into many different aspects of the affair, which could result in further charges, are ongoing, and I guess France's extradition request is (and possibly others are) still standing.  

Japan figures he's in their jurisdiction because the bulk of the crimes were committed on Japanese soil.  They're right.
France figures he's in their jurisdiction because he's a French citizen.  They're also right.

Several other nations (US, Australia, and several smaller) are lined up behind them for extradition on the grounds that he committed crimes (theft and fraud mostly) against their citizens.  It is debatable whether they are also right, but most of them have a policy of giving up on extraditions if the party serves time in a different jurisdiction for the same crime so it's unlikely that it will be an issue.

Luckyfuck its either he paid millions to bail himself out or bow down for zumo anal fuck.
Monaco isn't a safe place for him though, now that we knew he's hiding there, the rest of us may pay him a visit along with our zumos.

Do you have any sources for that?
I doubt that he's out.

http://business.newsln.jp/news/201605091218060000.html (http://business.newsln.jp/news/201605091218060000.html)

Based on this article it seems he is still in jail.Use a translator and you will get the basic informations.

Thx  ;)

i guess we would know already if Mark would be free.

Japanese jail doesn't sound like a whole lot of fun to me. And when you look at the 99% conviction rate it doesn't look like they give much of a shit about treating you right either.

Wonder what will happen when he's released if some of the bitcoin addresses used in 'the heist' have coins moved.

While Mt Gox effectively goxxed the world, Silk Road has a pretty interesting effect I think. It brought us some criminals, who have indeed more money that Michelle, 89 years old, and his cat.

Surely it was the only game in town for many years. Maybe somewhere else would've opened up but there wouldn't have been any type of economy without it. If only he'd shut down when he was still ahead.

Did a quick search and I found him right away: https://bitcointalk.org/index.php?topic=1376899.msg14779764#msg14779764


EDIT: LOL

Mt. Gox certainly damaged Bitcoin, regardless of whether or not it was the first exchange to technically exist. It should have been treated way better and there should have been some professionalism with the collapse instead of the BS we see today.

The thing is, Mt. Gox shouldn't have shut down when it was ahead either, because that would have likely been detrimental as well, but maybe less so than the collapse of the exhange.

I think we would know because the investors that lost the most out of it would of put a hit out on him already. It would be front page news.

Dude - he is in Monaco right now.  Japanese jail only tries to save face by keeping quiet what is really going on.  They got nothing on Karpeles.  He moved around a lot of bits - just information in a silly scheme of number in some made up ledger.  He didn't do anything illegal in view of actual laws, or in the sense of actual money.  He went free a long time ago.