Former Mt Gox CEO sets the record straight about his new venture; says AP missed the mark

Quick Take

  • Former Mt Gox CEO Mark Karpeles says the Associated Press mistakenly reported he had a “new bitcoin tech business”; a piece that was redistributed everywhere from the NYT to Japan’s biggest paper (and even The Block)
  • He says that far from being new, he set up the four-person company in 2016, after he was released on bail, realising he would struggle to find employment
  • Most importantly, Karpeles says Tristan Technologies is not a blockchain company. Instead, he says it has a wide mandate to provide cloud, security, and “legal-tech” solutions
  • The company already has reportedly 500 customers and is profit making, focused on capturing the Japanese market
Traditional news outlets made a rare venture into crypto world this week, reporting that Mark Karpeles – the former CEO of defunct exchange Mt Gox – had launched a “new bitcoin tech business.” It made for a comically ironic announcement, considering bitcoin was at the heart of Karpeles’ downfall in 2015. But, comical as it […]

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Oct 15, 2021, 2:54AM UTC