Karpeles made the following statement at the event:
“My love for Japan has not changed. Japan used to be engineering superpower in terms of its PCs but right now, taking the cloud for example, it’s the U.S. that dominates. But I still believe in the potential Japan has and I would like to develop that.”
Karpeles first moved to Japan in 2009, and in 2011 he purchased the Mt. Gox bitcoin exchange. After the hacks in 2014, Mt. Gox collapsed and Karpeles was arrested in 2015. In the security breach, around 850,000 BTC were lost to hackers. The sum was valued at $460 million at the time.
The Mainchi reported that Karpeles pitched his new affiliation with Tristan as a brand new start, with the new CTO affirming that he believes in the many benefits and changes blockchain can deliver. However, in spite of all this belief, Karpeles has said that he does not own any cryptocurrencies, as he believes they carry high risks.
A few months later in March, the ex- CEO’s embezzlement charges were dropped but he was convicted of combining his personal finances with exchange funds in order to cover up the hack losses.
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