Today is Sat, October 11, 2014 22:01:48 GMT
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Currencies BitCoin Bitcoin Shrugs off MtGox Saga, CEO Under New Allegations

Bitcoin prices shrugged off renewed negative news about MtGox. Yesterday, hackers broke into the company’s server and stole around 20 GB worth of data. The hackers also have possession of customer IDs that were used for identity verification purposes. Not only did MtGox customers lose funds when the troubled exchange went under, now they stand to have their identity stolen too.

Renewed allegations came out about the checkered past of Mark Karpeles, the CEO of MtGox. According to Cryptocoinsnews.com, the MtGox fiasco isn’t the first time Mark had problems with the law. In 2013, Tibanne Co. Ltd (the company that owns MtGox) was ordered by the court in Tokyo to pay damages resulting from delayed contract execution.

Here’s a short rundown of the story. Back in 2010 Mr. Dubois (name was changed by Cryptocoinsnews.com to protect his identity) contracted Tibanne Ltd for a web development project. After a few delays that dragged out the project for months beyond the deadline, Mark asked Mr. Dubois for an additional €10,000. After receiving the money, Karpeles informed his client that the €10,000 transfer was blocked by his bank on money laundering charges. He claimed that now the police was in charge of the case and he no longer had the right to speak to Mr. Dubois. Lucking for him, Mr. Dubois didn’t give up so easily. After checking with the bank, his suspicions were confirmed, the transfer haven’t been blocked. After a long litigation process that lasted for almost 3 years, in July 2013 Mr. Dubois finally won and Tibanne Ltd was ordered to reimburse the damages caused. You can read the whole fascinating story on Cryptocoinsnews.com.

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