Mark Karpelès

Mark Karpelès, also known as MagicalTux, is the former CEO of Mt. Gox exchange which, until its infamous collapse in 2014, once processed the majority of Bitcoin’s transactions. Following Mt. Gox’s bankruptcy, Karpelès was eventually arrested in August 2015 on charges of embezzlement and falsifying data to inflate the exchange’s holdings.

Mark Karpelès in the News

Mt. Gox goes offline after document leaks alleging 744,408 BTC were stolen

February 24, 2014

Mt. Gox halts all withdrawals

February 7, 2014

Jed McCaleb sells Mt. Gox to Mark Karpeles

March 6, 2011

Interviews with Mark Karpelès

2022-11-29: Mt. Gox's Mark Karpelès on Navigating Crypto Exchange Bankruptcy
2019-02-19: Mark Karpelès on the Collapse of Mt. Gox

Mark Karpelès FAQ

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Did Mark Karpelès go to jail?

Karpelès served 10 months in a Japanese jail before making bail. He was later acquitted of most charges.

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Were the victims of the Mt. Gox hack made whole?

The deadline for repayment was originally scheduled for fall 2023 but has since been pushed back to October 2024.

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What’s Mark Karpelès’ net worth?

Estimated around $2 billion USD.