Mark Karpeles to Find New Job

Mt Gox founder will be working as chief technology officer of London Trust Media, a Denver-based VPN company
20 April 2018   501

With regard to Mark Karpeles, the former head of the Mt.Gox, an investigation is under way in the case of embezzlement, manipulation of data and violation of its obligations in Japan. However, this did not prevent him from taking the post of CTO of the American VPN provider London Trust Media.

Many consider Carpeles responsible for the loss of 850,000 bitcoins in February 2014. About 200,000 BTC left on the company's accoun; this did not save the former leader from criminal prosecution.

I have no way to be sure that I’ll still be able to work in one year, two years. So I cannot really get a normal full-time job.

Mark Karpeles

Founder, Mt Gox

Earlier, Karpeles stated that he was considering a number of vacancies in the IT sphere that had nothing to do with cryptocurrencies. In London Trust Media, he will be responsible for working with cryptocurrency projects and other products.

Mark fought and fell. And although he fell, his skills, experience and know-how unarguably continue to exist. And so, bringing in a seasoned warrior makes perfect sense to me. I am more than willing to give a second chance to Mark in this fight’s critical hour.

Andrew Lee

Cofounder, chairman and chief of lab division at London Trust Media

Carpeles will work remotely from Japan, since he can not leave the country while an investigation is under way.

Despite the fact that his new work will be connected with cryptocurrencies, recently the former head of Mt.Gox stated that he no longer believes in bitcoin, because he does not see in it the ability to evolve and compete.

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   346

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.