Mark Karpeles, from Mt.Gox, takes on the position of new Technology Director at London Trust Media

in #bitcoin7 years ago

Although the company for which he works is based in the city of Denver, USA, the former CEO of Mt. Gox performs his duties from Japan, country in which he must remain until the trial ends against him for the facts raised in the year 2014 with the Bitcoin exchange platform that I was directing at that time.

Since the events with Mt. Gox, Mark Karpeles has been one of the most well-known and controversial people in the digital currency ecosystem, because although he is known for his great intelligence and business ability, he is also seen as one of the most the biggest public enemies for their alleged participation in the loss of more than 850,000 bitcoins.

Although the former CEO of the exchange platform was arrested in 2015, he is currently on trial and is being prosecuted on Japanese territory under the charges of embezzlement, electronic data manipulation and alleged asset theft. Karpeles served almost a year in prison and has been working with the authorities at all times to restore the balances of those affected by the hack of which Mt. Gox fell victim, which has enabled the recovery of 200,000 bitcoins to date.

According to information published by the Fortune news agency, during an interview last March, Karpeles said that at the moment he had no way of ensuring that he could carry out work activities in the traditional way, just because he did not know if he would have to return to prison if the jury so decided. However, he recently announced through his LinkedIn profile that he has the position of technology director for the company London Trust Media, a company based in the city of Denver that has one of the largest paid VPN services in the world.

LinkedIn account of Mark Karpeles. Image extracted from LinkedIn
The company for which Karpeles works has been one of the first investors in ZCash - digital currency whose emphasis is directed to the area of transaction privacy - and has also supported Purse, a company that allows people to buy items of Amazon with Bitcoin balances.

The interesting thing is that the current CTO of London Trust Media apparently did not disclose this information during the interview conducted by the Fortune news agency, since, according to published information, Karpeles holds this position since January of this year while for that moment He commented that he only provided his services for online games, communications on the network and IP services through consulting activities.

Andrew Lee, co-founder, president and head of the division of laboratories for London Trust Media, commented on the incorporation of Karpeles to the work team:

Mark fought and fell. And despite the fact that it did not go well with what happened, their skills, experiences and knowledge are unquestionably of great value. Therefore, bringing the team to an experienced warrior is something that makes a lot of sense to me. I am more than willing to give Mark a second chance at the critical hour of this fight. "

When Lee refers to a certain fight, he talks concretely about the landscape that exists in the ecosystem of cryptocurrencies in the face of increased regulations and government pressures, so he defends that the experience of Karpeles will be very valuable despite many think about his responsibility in the events that led to the loss of a large number of Bitcoins:

I would not dare say that the person who designed the Titanic should never build another ship again. "

Karpeles currently works with London Trust Media remotely from Japan, where he must be while the corresponding legal trial is still underway. The former CEO of Mt. Gox said he was attracted by the fact that the company he works for currently spends significant efforts to protect the privacy of his customers through VPN services.

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