Former Mt. Gox bitcoin exchange CEO Karpeles lands new job

Currently on trial in Japan, Karpeles is now CTO for VPN service giant London Trust Media.

Joshua Goldman Managing Editor / Advice
Managing Editor Josh Goldman is a laptop expert and has been writing about and reviewing them since built-in Wi-Fi was an optional feature. He also covers almost anything connected to a PC, including keyboards, mice, USB-C docks and PC gaming accessories. In addition, he writes about cameras, including action cams and drones. And while he doesn't consider himself a gamer, he spends entirely too much time playing them.
Expertise Laptops, desktops and computer and PC gaming accessories including keyboards, mice and controllers, cameras, action cameras and drones Credentials
  • More than two decades experience writing about PCs and accessories, and 15 years writing about cameras of all kinds.
Joshua Goldman
Mt. Gox chief Mark Karpeles

Mt. Gox chief Mark Karpeles (second from right) speaks at a press conference in Tokyo on February 28, 2014.

Jiji Press/AFP/Getty Images

The former head of the Mt. Gox bitcoin exchange may be on trial for financial fraud in Tokyo, but that isn't keeping him out of work.

Mark Karpeles, who was CEO for Mt. Gox, is now the chief technology officer for the world's largest virtual private network (VPN) service, London Trust Media, as reported in an interview with Fortune. The company has recently expanded into cryptocurrency-related ventures, and its cofounder and chairman, Andrew Lee, briefly ran Mt. Gox's US operations.

In February 2014, Mt. Gox lost nearly 750,000 customer bitcoins, as well as 100,000 of the exchange's own bitcoins and was forced to declare bankruptcy. Then, in August 2015, the Tokyo Metro Police arrested Karpeles on suspicion of falsifying financial records in the Mt. Gox computer system in order to inflate his own bank account.

Karpeles was released from jail in July 2016, but is currently facing charges for data manipulation and embezzlement and is unable to leave Japan, according to Fortune