Jun 24, 2021
The move awards another victory to former Mt. Gox CEO Mark Karpeles.
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The move awards another victory to former Mt. Gox CEO Mark Karpeles.
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Chicago Court Freezes Assets of Mark Karpeles in the US
By Nermin Hajdarbegovic, Coindesk.com
A Chicago judge has reportedly frozen all US-based assets controlled by Mark Karpeles, the CEO of the now defunct bitcoin exchange Mt. Gox.
US District Judge Gary Feinerman made the decision to freeze Karpeles’ assets, along with assets belonging to companies tied to both Mt. Gox and Karpeles, according to the Wall Street Journal. The order is temporary, but the assets will remain frozen for at least two weeks.
This move doesn’t appear to be directly related to the exchange’s Chapter 15 bankruptcy proceedings. It is, in fact, the result of a prior lawsuit filed against Karpeles by Mt. Gox customers seeking compensation. It is not yet a class action, but it might soon become one.
As reported yesterday, Chapter 15 bankruptcy will not stop the case from moving forward and the asset freeze proves it is going ahead.
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