NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Exchange Mt.Gox’s CEO Spent Stolen Funds On Prostitutes

NewsBTC
NewsBTC
4 years ago
2 mins read
mark karpeles mtgox bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The story of Mt.Gox is getting murkier; reports in Japanese media suggest that the disgraced Bitcoin exchange Mt. Gox’s CEO, Mark Karpeles, could have used the embezzled funds on sex workers.

As per a report in The Japan Times, the erstwhile CEO was facing fresh charges while Jiji Press, another news outlet, citing the police, said that he used the funds on “several women whom he met at venues that offer sexual services.”

Mt.Gox was based in Tokyo and was shut down last year after it acknowledged that 850,000 Bitcoin, worth around $480 million at that time, had disappeared from its digital vaults and went on to file for bankruptcy protection.

France-born Mark Karpeles, 30, was first arrested by Japanese law enforcers in August for transferring ¥20 million ($166,000) of the client money to his bank account during 2011 and 2013.

At present, he is facing fraud charges over the disappearance of the virtual currency Bitcoin worth millions of dollars.

The fresh charges, however, are not out of the blue for Mark who was called the “disgrace to the cryptocurrency industry” along with Charlie Shrem, by his fellow co-founder Gavin Andresen.

Mt. Gox once was the biggest Bitcoin exchange around, however, later it was hit by a hack, and in that, it claims, that it lost several Bitcoins.

Investigations led the law enforcers to Mark and later it emerged that he had tweaked accounts, allegedly, to divert the funds to his own account.

However, Mark continues to deny all the allegations and had even penned a post where he pointed out that the market needs to learn a lot from this tragic episode.

In the post, the former CEO of the now-defunct Mt.Gox said that “the current situation (of Bitcoin exchanges) is nothing but another disaster waiting to happen.”

Mark had earlier made startling claims insisting that the stealing of the cryptocurrency Bitcoin was the work of US agents, stating, that the aim of these agents was to destroy Mt.Gox.

He had even claimed that some of the lost 200, 000 coins were discovered in a cold wallet.

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Comments 7

  1. 1337 says:
    10 years ago

    Why would you not spend it on prostitutes ? Well done Mark.

    Reply
    • In search of a Japanese Wife says:
      10 years ago

      So what that he steals a few million and spends some of it on hookers….Who sole the $1/2billion mother-load remains unstated…That’s real the question here…

      Reply
      • 1337 says:
        10 years ago

        Yeah the prostitute story is a distraction.

        Reply
        • In search of a Japanese Wife says:
          10 years ago

          but a funny distraction it is.

          Reply
  2. Nicole Masterson says:
    10 years ago

    Understatement of the day: “Mt. Gox once was the biggest Bitcoin exchange around, however, later it was hit by a hack, and in that, it claims, that it lost *several* Bitcoins.”

    Reply
  3. LeonTheKungFuJew says:
    10 years ago

    Uh, no Mr. Mtgox. Unlike 99% of other men, you have to pay a woman to be with you. I highly doubt coinbase and bitfinex CEOs are just as pathetic as you. I don’t believe any of these guys are siphoning client money for hookers. After all, those are your colors.

    Reply
  4. DougNJ says:
    10 years ago

    So, while Mark was busy with the ladies-for-hire might that be referred to as “Karpeles Tunnel Syndrome”?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 7

  1. 1337 says:
    10 years ago

    Why would you not spend it on prostitutes ? Well done Mark.

    Reply
    • In search of a Japanese Wife says:
      10 years ago

      So what that he steals a few million and spends some of it on hookers….Who sole the $1/2billion mother-load remains unstated…That’s real the question here…

      Reply
      • 1337 says:
        10 years ago

        Yeah the prostitute story is a distraction.

        Reply
        • In search of a Japanese Wife says:
          10 years ago

          but a funny distraction it is.

          Reply
  2. Nicole Masterson says:
    10 years ago

    Understatement of the day: “Mt. Gox once was the biggest Bitcoin exchange around, however, later it was hit by a hack, and in that, it claims, that it lost *several* Bitcoins.”

    Reply
  3. LeonTheKungFuJew says:
    10 years ago

    Uh, no Mr. Mtgox. Unlike 99% of other men, you have to pay a woman to be with you. I highly doubt coinbase and bitfinex CEOs are just as pathetic as you. I don’t believe any of these guys are siphoning client money for hookers. After all, those are your colors.

    Reply
  4. DougNJ says:
    10 years ago

    So, while Mark was busy with the ladies-for-hire might that be referred to as “Karpeles Tunnel Syndrome”?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Smart Contract Lock and CertiK Audit: The Driving Factors Behind $FUN’s Breakout

Web3 gaming’s FUNToken emerges with strengthened fundamentals following smart contract lock implementation and CertiK audit clearance. Trading at $0.009894 as...

News BTC 1 hour ago
Solana koers stijgt 12% in een week: golden cross wijst op $172

Solana koers stijgt 12% in een week: golden cross wijst op $172

De Solana koers laat de afgelopen dagen weer interessante bewegingen zien. SOL laat de top 10 crypto’s achter zich en...

Lars Diederiksen 1 hour ago
암호화폐 스타트업, 지난달 11.5억 달러 자금조달… 다음 ‘ICO 대박주’는 BTC불?

암호화폐 스타트업, 지난달 11.5억 달러 자금조달… 다음 ‘ICO 대박주’는 BTC불?

지난 달은 암호화폐와 웹3 업계가 강세를 보인 달이었다. 6월 한 달간 암호화폐와 웹3 분야 스타트업들이 총 140건의 투자 유치를 통해 11억 5000만 달러를 끌어모았다. 시장...

Soyeon Lee 1 hour ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

buy bitcoin Arthur Hayes

Buy Bitcoin Before Jackson Hole—Or Regret It Forever, Says Arthur Hayes

Jake Simmons 36 minutes ago

Ethereum Stagna: I Dati On-Chain Mostrano Accumulo da Parte delle Whale

clararosati 43 minutes ago
Bitcoin Moves Up, Dogecoin Surges Above Key $0.17 Mark; Token6900 Set to Explode

Bitcoin Moves Up, Dogecoin Surges Above Key $0.17 Mark; Token6900 Set to Explode

Aaron Walker 49 minutes ago

Premium Sponsors

Press Releases

  • A perfect combination! ETHRANSACTION three-coin joint...

    1 hour ago
  • Gate Launches xStocks Trading Section, Bridging Crypto...

    1 hour ago
  • 1 Najlepsza kryptowaluta do kupienia przed wzrostem o...

    2 hours ago
  • Trader Dự Đoán Đúng XRP Giờ Gọi Tên Meme Coin

    Trader Dự Đoán Đúng XRP Giờ Gọi Tên Meme Coin...

    3 hours ago
  • Các Đồng Coin Tiềm Năng: TOKEN6900 Gây Sốt, Gọi...

    3 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.