Vicki Joseph
Contributor
Mosaic constantly monitors a wide range of sources for cryptoasset news and summarizes the most interesting items in a daily newsletter. In addition, we are now providing this weekly roundup which draws together and analyzes our favorite news and features of the week.
Mt. Gox, its trustee, and its former CEO Mark Karpelès
Mosaic’s Friday feature of the day was “Mt. Gox and the Surprising Redemption of Bitcoin’s Biggest Villain” by Jen Wieczner (Senior writer @ Fortune Magazine, Wall Street). The article gives a brief overview of the events following Mt. Gox’s bankruptcy in 2014 and the legal proceedings following Karpelès’s arrest in August 2015 on charges of manipulating electronic data related to the internal Mt. Gox account called “Willy Bot”.
The article deals with Karpelès’s attempt to deal with the surge in the bitcoin price following the bankruptcy which, due to Japanese bankruptcy law, would have made him a billionaire and left Mt. Gox creditors without any exposure to any of bitcoin’s subsequent appreciation. Fortune’s feature on Karpelès coincided with news that Mt. Gox’s trustee had transferred over 16,000 BTC, worth around $144m, and 16,000 BCH, worth $21m, from the trustee’s vaults to an unknown address, sparking fears of a large sell-off. According to CryptoGround, which monitors Mt Gox’s remaining wallets, the bitcoins were removed from four separate addresses in increments of approximately 2,000, with 0 BTC remaining in each wallet that the funds were extracted from.
Mosaic’s Weekly Cryptoasset Roundup — April 30, 2018
Join us on telegram here for more- Mosaic Network (Official)

Mt. Gox, its trustee, and its former CEO Mark Karpelès
Mosaic’s Friday feature of the day was “Mt. Gox and the Surprising Redemption of Bitcoin’s Biggest Villain” by Jen Wieczner (Senior writer @ Fortune Magazine, Wall Street). The article gives a brief overview of the events following Mt. Gox’s bankruptcy in 2014 and the legal proceedings following Karpelès’s arrest in August 2015 on charges of manipulating electronic data related to the internal Mt. Gox account called “Willy Bot”.
The article deals with Karpelès’s attempt to deal with the surge in the bitcoin price following the bankruptcy which, due to Japanese bankruptcy law, would have made him a billionaire and left Mt. Gox creditors without any exposure to any of bitcoin’s subsequent appreciation. Fortune’s feature on Karpelès coincided with news that Mt. Gox’s trustee had transferred over 16,000 BTC, worth around $144m, and 16,000 BCH, worth $21m, from the trustee’s vaults to an unknown address, sparking fears of a large sell-off. According to CryptoGround, which monitors Mt Gox’s remaining wallets, the bitcoins were removed from four separate addresses in increments of approximately 2,000, with 0 BTC remaining in each wallet that the funds were extracted from.
Mosaic’s Weekly Cryptoasset Roundup — April 30, 2018
Join us on telegram here for more- Mosaic Network (Official)
