Former Mt. Gox CEO Launches Web Hosting Service

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Former Mt. Gox CEO Mark Karpelès recently launched a web hosting service called, according to a report on Sunday by the Bitcoin News Service.

It’s unclear exactly when the site launched but a Wayback Machine snapshot shows just a splash page in May. The company joined Facebook last month with its first post in August.

In February, Japanese bitcoin exchange Mt. Gox filed for bankruptcy after losing 850,000 bitcoins in a scandal with a Bitcoin protocol issue. It was originally reported that the “transaction malleability” protocol confused the automated systems that handle transactions caused the loss of around 750,000 of its customers’ bitcoins and 100,000 of the company’s own. A later report identified suspicious bot activity as the cause for the fraud. In July Karpelès said he’d donate half of the proceeds from the auction of domain to those affected by the Mt. Gox Bankruptcy.

It appears Karpelès is refocusing his energies after the Mt. Gox scandal which is still under investigation. His web host provides VPS and dedicated hosting with built-to-order services.

The company is registered to Mark Karpelès and Tibanne Co. Ltd, a Tokyo-based corporation founded in 2009.

“TIBANNE specializes in web hosting, IP transit, VoIP, software development and network administration. We are currently engaged in the reserch [sic] and development of new and existing services to produce innovative solutions for our clients,” its website said.

“Now with what happened with [Mt. Gox], not only Tibanne has a loss of revenue (losing our biggest customer and all of Tibanne’s bitcoins) but also an increase in legal costs, not mentioning being able to do our part in the MtGox bankruptcy process,” explained Karpelès in an email to the Bticoin News Service.  “As such we are now controlling expenses and focusing on revenue generating in order to be able to do our part.”

Karpelès told BNS even before Tibanne he helped found other hosting companies. Although he did not name any of the companies he said at least one is still online while the others are outdated.

Last month Tokyo police launched an investigation into the fraud at Mt. Gox. The Financial Times reported earlier this month that investigators are close to closing the case implicating Mark Karpelès.

Jason Maurice of security consultancy Wiz Technologies and other experts are leading an independent inquiry to determine what really happened at the exchange. Information uncovered so far implications Karpelès may have known about the fraud.

Karpelès told the Financial Times that he was willing to talk, but has yet to grant that interview and could not be reached for comment.


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