Mark Karpelès's career and his prediction for Bitcoin*

April 24, 2018

The article is about career way of ex-CEO of Bitcoin Exchange Mt. Gox, that went bankrupt in 2014.

"Mark Karpelès, the CEO who presided over Bitcoin exchange Mt. Gox until it went bankrupt in 2014, has had a hard time finding work for the last four years. After all, when he announced in February 2014 that he’d lost all of Mt. Gox’s 850,000 Bitcoins, he instantly became the biggest villain of the cryptocurrency world.
And while Karpelès ended up finding 200,000 of the Mt. Gox Bitcoins — and authorities believe the other 650,000 were stolen by outside hackers — he’s currently on criminal trial in Japan for charges of embezzlement, manipulation of electronic data, and breach of trust. Initially arrested in 2015, Karpelès was held in jail for almost a year on those charges..."

Pixabay

"...Karpelès recently did land a new job — and a major one, as a C-level executive at a U.S. corporation. He’s the new chief technology officer of London Trust Media, a Denver-based company that boasts the world’s largest paid virtual private network (VPN) service.
London Trust Media is also increasingly investing in cryptocurrency: It was an early investor in Zcash, a privacy-focused digital coin, and has also backed Purse, a startup allowing people to buy Amazon items with Bitcoin..."

"...After all, Karpelès has lately been less than enthusiastic about Bitcoin and other cryptocurrencies, telling Fortune he’s had “enough of cryptocurrency” between all his problems at Mt. Gox, and has essentially washed his hands clean of it. “The main issue with Bitcoin itself is that the community around it right now is kind of too polarized,” Karpelès says, citing the split between Bitcoin and Bitcoin Cash over a disagreement in how best to scale the digital currency. (He’s not taking a side, in order to “stay neutral and not get involved in more trouble than I am already.”)
“Bitcoin right now is, I believe, doomed,” Karpelès adds. “Its original promise of being the future of currency is clearly out of reach.” Then again, that’s what some said about Karpelès’ career..."

*The source: “Ex-CEO of Bankrupt Bitcoin Exchange Mt. Gox Has a New Job in Crypto”
By JEN WIECZNER (originally published on the Fortune).