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Additional $2.1M Seized from Mt. Gox Accounts – Now Over $5M Total

On Monday, the executed seizure warrant for Mt. Gox’s account with Dwolla was published, showing $2.9 million was seized by the US government. According to documents obtained today by TGB’s research staff from the records of the District Court of Maryland, more than $2.1 million was also seized from two of Mt. Gox’ Wells Fargo accounts – totaling to more than $5 million seized from Mt. Gox accounts by the US government. As stated in both warrants, Mt. Gox CEO Mark Karpeles’ failed to indicate on Mutum Sigillum LLC’s (Mt. Gox) account application that the company would be acting in …

Aug 22, 2013 Posted by Greg Schvey In Featured, News, Regulatory, Trading Tagged Mark Karpeles, Money Service Business, US, Wells Fargo Comments 11

An Analysis of the Interview with Mark Karpeles, CEO of Mt. Gox

Mt. Gox has been one of the biggest enigmas of the bitcoin community. Despite almost universal criticism, no competitors have been been able to unseat their position as the dominant bitcoin exchange. One of the latest pieces on Bitcoin news is a Reuters interview with CEO Mark Karpeles revealed some interesting insights into their operation and perspectives on bitcoin. The first question we can lay to rest is the correct pronunciation of their company – Mount Gox. Branding and Atmosphere One of the first things most viewers will notice is their use of balls as chairs in the interview. Mark …