Topic: Mt Gox CEO Mark Karpeles Implicated in Silk Road Trial - page 2. (Read 4607 times)

I was in the courtroom on Wednesday and Thursday.  The jurors appeared bored with the direct examination, most were fighting just to stay awake.  The exception was when Mr. DerYeghiayan started talking about what was on Mr. Ulbricht's laptop when he was arrested and what scraps of paper were found in his bedroom trash can.  The jurors appeared very interested those two times.  

During cross examination the jury was awake and interested in everything being said.  Just from my observation the defense's strategy seems to be working.  You have an agent testifying about how he was able to assume multiple different identities online and take over the moderator account "cirrus" without being detected so how can they then argue that there was only one DPR and Ulbricht was it?  Keep in mind that Karpeles wasn't just a suspect, the agent believed he had probable cause to search Mr. Karpeles' email accounts.  

The defense also poked many holes in the prosecution's case.  The agent did not know exactly when the buyers and sellers guides were posted.  The agent did not know when the escrow and commission system was started.  The agent did not know when the bitcoin tumbler was started.  The agent did not know when hacking equipment and software was first sold on Silk Road.  These questions seem to imply that the defense is going to, as they already have, readily admit that Ulbricht had a hand in starting Silk Road but it is these features that add the damaging money laundering, conspiracy, and hacking charges.

The agent also insisted that he thought DPR was male but he also admitted that he was surprised to find out that the original "cirrus" was female.  The defense also brought up how the price of bitcoin jumped up to over a thousand dollars immediately after Ulbricht's arrest.  Since Mt. Gox's trading bots may have been the reason behind that price increase expect the defense to make the case that Ulbricht was set up as the fall guy so that Karpeles could benefit from that rapid price increase.  This was not brought up in the courtroom but I wouldn't be surprised if it is brought up later.

The Bitcoin Talk forums were also brought up on Thursday.  The defense is going to say that Karpeles created the Bitcoin Talk forums.  And both the Bitcoin Talk forums and the Silk Road forums not only use the same software but the exact same version of the software even though other versions have come out.  The defense will also make the point that this software is not commonly used to make online forums.    

Being global, local holidays are not too much of a risk. There's not all that many that are international, and when they are, half the world still doesn't recognise them.

Bitcoin > mark k

Bitcoin > Satoshi

Bitcoin > SR

Bitcoin > DPR

Nuff said

I would argue that the price quickly rebounded after SR was taken down because so many people realized that you could buy illegal drugs relativity safely with bitcoin, so they did.

I would say that if Karpels was still running gox then him being implicated would be very bad for bitcoin's price however now that gox has been shut down for over a year tha should really not be an issue

Interesting post at the bottom of the original article mentioned in the first post:



And who was and still is controlling Karpeles? You only get one guess who is in possession of those stolen coins now and it ain't Karpeles. And the purpose of gaining control of those coins was played out in front of our eys over the past 3 days. And being the true parasites they are they let the victim live for a while longer to obfuscate their trail.

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    Steve Goku sjs • 2 days ago

    Could you please elaborate? I'm very interested in what you said.
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        sjs Steve Goku • 2 days ago

        Karpeles maintains it was an inside job and the Japanese police says the same thing.

        Japanese newspaper Yomiuri Shinbun quoted “sources in the Metropolitan Police Department” as saying that only 1% of the bitcoins, or about 7,000 BTC, reported missing by the exchange were lost due to cybertheft. The vast majority of the missing 650,000 bitcoins most likely disappeared “after the system was fraudulently operated by an unknown party.”

        Which agency planted who at Mt Gox and was this plant the inside party that took posession of the coins? The agency that the individual worked for now controls the coins.

        The emergence of decentralised crypto currencies is a threat to the established world order (money system) and if it can't be brought under control, must be destroyed.

        The process is started by steadily shorting BTC's and applying selling pressure supported by shorting 'jolts' on low volume or low activity trading days like public holidays. Bots will assist by triggered resistance levels being broken followed by further selling.

        Unlike Gold, there are no sovereigns to put a floor under BTC's. The same attempts were made in the Gold and Silver markets over the past 3 years+

        The victim (Bitcoin) is allowed to recover - that would be the present.

        The scenario will repeat itself until the mission is accomplished at a very low $ investment. Control is retained by the incumbents.

        Please note: all the above is pure fiction for your entertainment only.

Apart from the risk that wallets with hundred of thousands of BTC are seized with him and auctioned and/or dumped.

At one point there was some uncertainty on how much of bitcoin's value was due to SR. You see, SR fell and all the price did was take a dip to $85, that was quickly resolved. Today the bitcoin economy is much larger, I bet Karpeles being busted won't make a dent in the price.

Well, I want the Karp deep fried...but my other early adopter friends do think it will DESTROY btc is he's implicated....or even associated with SR and DPR.

Ahem, Karpeles behind bars can't be bad for bitcoin .

If this turns out to be real I think it will be a bad hit for bitcoin enviroment

Me too , it is very strange. Maybe they have cooperated for "cashout" the bitcoin. We will see how the situation will evolve.

I really don't know? But to be honest I see no evidence of a connection. There is some very damming evidence against Ross though. I does, however, seem like the volume of sales at SR and the dominance of Gox as an exchange must have brought the two into some kind of contact. Maybe not criminal, but there was a lot of BTC being cashed out by SR. It does stink a little.

Yes , now I've seen. A simple question : Do you think he  is the mind behind silkRoad ? Maybe he was in the "team" but not the "creator" ad "manager" of SR (That's for sure).

To be fair, Mark was not "implicated" he was briefly "suspected" of being DPR. If you look at the evidence collected it is Ross who has some explaining to do.

I don't think he is the real "pirate" behind the silkRoad,  but I'm not sure.

This is what I was thinking.


Keyword suspected. His name just probably came up after a FBI brainstorming of possible DPR suspects.


Now that would be interesting. It could be possible that he was involved somehow or at least DPR talked with Kerpales before or during the creation of Silk Road.

bitcoin.....never a dull moment

haha i hope so, i dont like how hes been avoiding questions this whole time, i want the truth please

ha, one can hope. karmic justice in a round about way...

We suspected the entire family and had them under observation for months whilst the crimes were being committed.