‘Emergency Hearing’ Could Lead to New Discoveries in Mt. Gox Case
15 April, 2014
Mark Karpeles, CEO of bankrupt Japan-based bitcoin exchange Mt. Gox, has filed an emergency motion stating that he needs more time before choosing whether to appear for formal questioning in the US.
The development finds Karpeles attempting to push back this decision until 5th May so that his legal team can “get up to speed” on a recent subpoena issued by the US Treasury department.
While a seemingly small filing, the Mt. Gox case could change dramatically depending on whether Karpeles agrees to be deposed in the US. That’s because US Bankruptcy Judge Stacey Jernigan ordered Karpeles to submit to questioning on 2nd April, and threatened to remove key bankruptcy protections granted to Mt. Gox KK, the company’s Japanese entity, should he not do so.