MtGox CEO ordered to Texas for questioning
Posted by: Timothy Weaver on 04/02/2014 10:20 AM
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Mark Karpeles, the CEO of failed Bitcoin exchange Mt. Gox, has been ordered to go to the U.S. to answer questions about its bankruptcy by a judge in Texas.
Mt. Gox customers Gregory Greene and Joseph Lack asked the judge to force Karpeles to answer why it went bankrupt and what had happened to the bitcoins the exchange reported were missing.
During the two-hour hearing Tuesday, Judge Stacey Jernigan was quoted as saying: “If he avails himself of this court, my God, he is going to get himself over here.”
A lawyer for the plaintiffs, Steven Woodrow, said by phone: “To have Mr. Karpeles come here and answer basic questions about why he should get bankruptcy protection is a tremendous victory for consumers and creditors of Mt. Gox.”
“If he complies with the order, that’s great. If he doesn’t, he’ll have to throw himself on the mercy of the court.”
According to a statement on its website, Mt. Gox hopes to rebuild itself to “repay debts to creditors.”
Mt. Gox customers Gregory Greene and Joseph Lack asked the judge to force Karpeles to answer why it went bankrupt and what had happened to the bitcoins the exchange reported were missing.
During the two-hour hearing Tuesday, Judge Stacey Jernigan was quoted as saying: “If he avails himself of this court, my God, he is going to get himself over here.”
A lawyer for the plaintiffs, Steven Woodrow, said by phone: “To have Mr. Karpeles come here and answer basic questions about why he should get bankruptcy protection is a tremendous victory for consumers and creditors of Mt. Gox.”
“If he complies with the order, that’s great. If he doesn’t, he’ll have to throw himself on the mercy of the court.”
According to a statement on its website, Mt. Gox hopes to rebuild itself to “repay debts to creditors.”
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