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Mark Karpeles Assets Frozen by United States Federal Judge
U.S Federal Judge Freezes U.S Assets of Mark Karpeles
On Tuesday, an American federal judge temporarily froze the U.S. assets of MtGox CEO Mark Karpeles. The judge has also allowed victims of MtGox to get evidence of what is claimed to be a huge fraud.
When MtGox stopped processing withdrawals and transactions, the Bitcoin world was shaken since the ex-Bitcoin exchange had influential power. Soon after this whole dilemma of wondering when MtGox would get back onto its feet, people realized that this would never happen.
In the end, Mt.Gox filed for bankruptcy.
The ex-Bitcoin exchange reportedly “lost” 750,000 of its customers Bitcoins, and 100,000 of its “own”.
Mark Karpeles’ U.S. Assets Frozen
American judge Gary Feinerman ordered the freeze on U.S assets of Mark Karpeles in Chicago.
According to Christopher Dore, an attorney who represents American users of MtGox, the freeze also applies to the digital exchange’s U.S affiliate and Japanese parent company Tibanne.
Tibanne, based in Tokyo, was protected from this since it filed for bankruptcy protection in the U.S and Japan.
On Monday during a bankruptcy hearing, the groups suing MtGox claimed that in the past few days, Karpeles had allegedly been moving millions of dollars in Bitcoin.
Attorney Dore represents an Illinois resident named Gregory Green. Dore said,
“The main thing we hope to achieve is to finally see what the web of things that Karpeles has put together over the last few years and to start unwinding it as to where things are and what happened.”
Dore also said that the American judge’s decision in freezing the U.S assets of Mark Karpeles will expire in only 14 days. However, when the groups meet again in court, they can decide if it should be extended. At the hearing, Mark Karpeles and Tibanne were not represented.
It may take some time, but there is hope that justice will be served.
Stay tuned to Coinreport for further developments.
