Mark Karpeles, founder of the now bankrupt Bitcoin exchange MtGox, is spending his days fending off creditors and posting cat pictures on his Twitter feed as he wallows in the mired wake of his business failure. MtGox Former Owner’s bankruptcy After “losing” $341 million in a digital currency that is known to have a tracking capability, Karpeles declared bankruptcy. The value of his company is estimated at $750,000 but the current bid at Heritage Auctions is $185,000. Karpeles could explain why, where or how $341 million disappeared from his business, but he was willing to split the proceeds from the sale…
In Between Tweeting About Cats, MtGox Former Owner Stews
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.