27 Feb '14, 8am

Japan investigates ailing Bitcoin exchange MtGox

Japan investigates ailing Bitcoin exchange MtGox

Meanwhile, the company’s Tokyo offices were empty this week, with a handful of protestors gathered outside, claiming that they had lost savings invested in the virtual currency and brandishing banners stating: “Where is our money?”. The absence of staff in the offices prompted widespread speculation surrounding the precise whereabouts of Mark Karpeles, the CEO of MtGox, who subsequently issued an online statement. Denying that he has been in hiding since the scandal broke, Mr Karpeles confirmed he was still in Japan and was working to rectify the problems surrounding the turmoil-hit exchange. “As there is a lot of speculation regarding MtGox and its future, I would like to use this opportunity to reassure everyone that I am still in Japan, and working very hard with the support of different parties to find a solution to our recent issues,” the statement said. As mystery co...

Full article: http://www.telegraph.co.uk/finance/currency/10664459/Japa...

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