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Mt. Gox

PC World interview

11 Nov, 2014

Karpeles agrees to an interview with PC World on the condition that he will not discuss other than in general terms what happened at the company, the police investigation into it and other litigation involving him. He says Tibanne now has 13 employees and still does Web and server hosting as well as Web and mobile application development. Tibanne’s graphics editing software subsidiary, Shade3D, has about 10 staff.

I’ve been trying to keep Tibanne and Shade3D running well so we can maybe assist with the Mt. Gox bankruptcy…I cannot apologize enough for what happened. While I believe I did everything I could do to prevent this from happening, it still happened. Right now, I’m trying to do my best to cooperate with the bankruptcy process and the ongoing investigation.

Karpeles says Bitcoin needs the kind of physical security measures that are used to protect gold, including 24-hour operation centers manned by guards and accessed only through hardware tokens, with staff who have undergone extensive background checks.

[Without major investments in security infrastructure] most likely we’re going to see more companies getting hacked, or bitcoin being stolen.