Mark Karpeles defrauded a customer in France before he bought MtGox and moved to Japan. He was found guilty of fraud when tried in absentia because he skipped t

Mark Karpeles defrauded a customer in France before he bought MtGox and moved to Japan. He was found guilty of fraud when tried in absentia because he skipped town and left. When MtGox was hacked and the hot wallet was wiped out, Mark didn't even bother to stop using a known compromised hot wallet. Over 3 years he never bothered to ever rotate keys for the hot wallet, even though he already knew it was compromised when it was wiped out in the original hack. Mark publicly touted how MtGox was using cold storage for 95% of all Bitcoins in MtGox at all times and that the keys for those Bitcoins were secured such that you needed to compromise two out of three geographically separate locations in order to rob the cold wallets. None of that was true, and Mark knew that the exchange was insolvent from the day he bought it. https://bitcointalk.org/index.php?topic=23938.msg1177353#msg1177353 https://bitcointalk.org/index.php?topic=23938.msg1177353#msg... His solution to the problem was to make a trading bot with an innovative new strategy of "buy high, sell low". That trading bot was something that he publicly denied multiple times and it wasn't funded with Bitcoins or dollars to trade, it just made trades without having any funds allocated to begin with. Even ignoring that the deposited funds were stolen the exchange didn't have any hope of being able to be solvent because the Willy bot just added funds to the exchange out of thin air. The charitable interpretation of Marks actions is that he was too incompetent to even realize that his trading bot was losing mountains of cash and too incompetent to realize that he was always draining cold wallets but never filling them back up and too incompetent to ever bother to run "SELECT SUM(BTC) FROM accounts". The only BTC left on the exchange was the cold wallet that was discovered afterwards because Mark Karpeles was so incompetent and cavalier with customer funds that he quite literally forgot about one of the cold wallets lying around with 200,000 BTC in it. If he hadn't forgot about that wallet, he would have kept dumping it in the hot wallet to let the thief siphon off and push the scam out another 6 months before it collapsed. Even at the point that withdrawals were frozen entirely and all of the money that Mark knew about was gone he still was spouting off B.S. about how it was transaction malleability, it's not our fault, your money's not gone we just have to fix this bug, etc. PIA's business is built on trust and rasengan decided to hire Mark Karpeles as their CTO. I honestly can't think of anyone who I would trust less as a CTO than Mark Karpeles. I'm not being sarcastic, I genuinely can't think of someone as bad as Mark for a role like CTO. There's not a chance in hell that I'm going to give PIA another cent based on that alone, even ignoring the most recent Kape debacle.