Reuters reported that the Mark Karpeles has to come to the US to discuss the Mt.Gox Chapter 15 bankruptcy. The company filed bankruptcy in Japan but are also dealing with a class action filed in Chicago.
Last month, Karpeles asked a Dallas court to grant Mt. Gox Chapter 15 bankruptcy protection, in part to put a stop to a class action that had been filed by U.S. customers in Chicago federal court.
The chief executive of Japan’s Mt. Gox, once the world’s leading bitcoin exchange, was ordered to the United States to answer questions related to its US bankruptcy case, filed after the company lost $400 million of customers’ digital currency.
US Bankruptcy Judge Stacey Jernigan has ordered Mark Karpeles to appear on April 17 in Dallas at the offices of Baker & McKenzie, the law firm that represents Mt. Gox. Karpeles’ testimony could help solve the mystery of what happened to money and bitcoins that were entrusted to Mt. Gox by its clients, most of them from the United States.
Karpeles controlled the company’s financial records and may be the only person who knows where the company’s assets and money might be, Steven Woodrow, an attorney for US customers, told the Dallas hearing.
Jernigan limited the deposition questioning of Karpeles to issues pertaining to whether the court should grant permanent bankruptcy protection to Mt. Gox.
The case is In Re: Mt. Gox Co Ltd, US Bankruptcy Court, Northern District of Dallas, No. 14-31229.