The founder of MtGox, Mark Karpeles, has rebuffed a United States court demand to answer questions regarding the virtual razing of the former world’s largest Bitcoin exchange.
Karpeles was due to attend the hearing later this week in Washington, essentially being ordered to leave Japan to get grilled by the US Department of Treasury’s Financial Crimes Enforcement Network.
The fact that the founder of MtGox hasn’t been charged with any crime, in conjunction with the assumption Karpeles believes he isn’t guilty of any crime, makes this whole demand a bit of a long shot.
How Will Zero-Fee Investment Platforms Impact Traditional Stock Brokers?Go to article >>
According to Karpeles’ lawyers,
“Mr Karpeles is now in the process of obtaining counsel to represent him with respect to the FinCen subpoena. Until such time as counsel is retained and has an opportunity to ‘get up to speed’ and advise Mr. Karpelès [on the Treasury subpoena], he is not willing to travel to the U.S.”
Furthermore, his lawyers have requested that the court delays Mr Karpeles’ deposition until May the 5th, even then without promising an attendance on that date either.
MtGox was the largest Bitcoin exchange, and its demise was painful for many speculators. It’s just one of a number of upsets for the crypto currency, yet despite all these events, Bitcoin continues to garner interest. Indeed, the past two days have seen an surge of bulls, dragging it out of the mire to around 500, as was predicted.