Mark Karpeles (Bitcoin: A Visual History 02-02-B)

On February 24th, 2014, the world’s largest Bitcoin exchange MtGox went offline. The embattled CEO Mark Karpeles alleged that they had been a victim of a massive hack, with over 750,000 bitcoins in customer funds lost. Investigations revealed that the theft had actually been spread over some time, and MtGox had been insolvent as far back as 2013. In proceedings that lasted until March 2019, Karpeles was acquitted after it was ruled that he had acted without ill intent. By then the lost bitcoins had appreciated in value by over 20x. The efforts to compensate some 24,000 MtGox customers are still ongoing. === About this Series "Bitcoin: A Visual History" is a series of 21 illus...View all