The former CEO of long-defunct Japanese cryptocurrency exchange Mt. Gox denied press claims he is returning to blockchain in comments to Cointelegraph on June 7.
Mark Karpeles, whom a judge acquitted of embezzlement in March and is currently appealing a lesser conviction of data manipulation, says his activities with Tristan Technologies will not involve the cryptocurrency sector.
As Cointelegraph reported, local Japanese media had interpreted remarks at a press conference on June 5 as meaning he was preparing to conduct blockchain-related activities.
"I believe I've been quite clear during the press conference and I'm not sure how this got reported wrong, and been even asked if I wouldn't consider returning to the crypto space."
He added that "The goal to try to bring back Japan near the top of the IT industry is indeed there".
Reports about his involvement at Tristan and its sphere of operation also received clarification, with Karpeles underlining that "It is not a new company, it is not a blockchain company."
"Tristan Technologies isn't exactly a startup per se, since the company has been up and running for years and is now self sufficient. We focus on IT solutions, mostly cloud-based, and offer services such as a Google Drive/Dropbox replacement ," he noted.
Mt. Gox has been continuing in its bid to return funds to users who lost out in the exchange's major hack in early 2014.
The process has been long, questionable bankruptcy moves combining with legal challenges to award funds to specific parties at the expense of others.
Mt. Gox's Karpeles: Press Rumors About My Blockchain Plans Are False
Published on Jun 7, 2019
by Cointele | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.