MtGox chief refuses to go to Bitcoin bankruptcy hearing

Mark Karpeles Mr Karpeles' lawyers asked for the hearing to be delayed

Related Stories

MtGox's founder has refused a US court's demand that he testify this week about the collapse of what was the world's biggest Bitcoin exchange.

Mark Karpeles had been asked to attend a hearing in Washington on Friday.

MtGox reported in February that it may have lost nearly $500m (£300m) worth of the virtual currency and subsequently filed for bankruptcy protection in Japan and the US.

It later said it had "found" about a quarter of the missing sum.

A US judge ordered Mr Karpeles to travel from Japan to appear in front of the US Department of Treasury's Financial Crimes Enforcement Network to answer questions about the affair.

But a court filing by MtGox's lawyers said the France-born chief executive - who has not been charged with any crime - would not comply.

"Mr Karpeles is now in the process of obtaining counsel to represent him with respect to the FinCen subpoena," it said.

"Until such time as counsel is retained and has an opportunity to 'get up to speed' and advise Mr Karpeles, he is not willing to travel to the US."

The lawyers also asked the court to delay Mr Karpeles' deposition until 5 May, but added that they could not guarantee he would attend on that date either.

In the meantime MtGox's site continues to tell out-of-pocket investors that a "method for filing claims will be published on this site as soon as we will be in [a] situation to announce it".

One bitcoin is currently trading for about $500, down from its high of more than $1,100 last year.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Technology stories

RSS

Features & Analysis

  • BeefaloBeefalo hunt

    The hybrid animal causing havoc in the Grand Canyon


  • Actor Jackie Chan gestures as he stands on the set of his new movie 'Around the World in 80 Days' on 6 May, 2003 in Berlin, GermanyDuang duang duang

    How a new word 'broke the Chinese internet'


  • Sound of Music PosterFar from a flop

    Even Sound of Music film crew surprised by success


  • Don Roberto Placa Quiet Don

    The world's worst interview - with one of the loneliest men on Earth


BBC Future

(US Navy)

The world’s noisiest spy plane

The Soviet giant that still soldiers on Read more...

Programmes

  • BatteriesClick Watch

    More power to your phone - the lithium-ion batteries that could last twice as long

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.