03 Mar '14, 8pm

Wired: The Inside Story of Mt. Gox, Bitcoin’s $460 Million Disaster

The 28-year-old Karpeles was born in France, but after spending some time in Israel, he settled down in Japan. There he got married, posted cat videos and became a father. In 2011, he acquired the Mt. Gox exchange in from an American entrepreneur named Jed McCaleb. McCaleb had registered the Mtgox.com web domain in 2007 with the idea of turning it into a trading site for the wildly popular Magic: The Gathering game cards. He never followed through on that idea, but in late 2010, McCaleb decided to repurpose the domain as a bitcoin exchange. The idea was simple: he’d provide a single place to connect bitcoin buyers and sellers. But soon, McCaleb was getting wires for tens of thousands of dollars and, realizing he was in over his head, he sold the site to Karpeles, an avid programmer, foodie, and bitcoin enthusiast who called himself Magicaltux in online forums. Karpeles soo...

Full article: http://www.thedomains.com/2014/03/03/wired-the-inside-sto...

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Mark Karpeles, the chief executive officer of bitcoin exchange Mt. Gox, center, is escorted as he leaves the Tokyo Distric...

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Mark Karpeles, the chief executive officer of bitcoin exchange Mt. Gox, center, is escorted as he leaves the Tokyo Distric...

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