The founder of Mt. Gox, Mark Karpeles, won’t head to the US to respond to a Treasury Department inquiry concerning the Japanese bitcoin exchange’s bankruptcy flap.
Karpeles filed for bankruptcy in Tokyo in late February after Mt. Gox, which was once the world’s largest Bitcoin exchange, reportedly lost about 750,000 customer Bitcoins and 100,000 of the company’s own Bitcoin reserves. On March 9, Karpeles filed in a Dallas, Texas court to have the bankruptcy recognized in the United States.
The US Department of Treasury Financial Crimes Enforcement Network has subpoenaed Karpeles, demanding he testify Friday in Washington, DC, according to a court filing [PDF] lodged in the Dallas bankruptcy case Monday. FinCEN, as the investigative branch of the Treasury is known, has been monitoring the virtual currency.
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