Mt.Gox CEO Speaks Out After Shutdown of Bitcoin Exchange

Mt. Gox CEO Mark Karpeles released a statement saying he is working very hard to find a solution to the bitcoin exchange's recent issues.

Author:: Brittany Umar
Publish date:: Feb 26, 2014 10:49 AM EST

The CEO of Mt. Gox has released a statement for the first time since the bitcoin exchange was shut down on Tuesday. Mark Karpeles said that he is still in Japan and that he is working very hard with the support of different parties to find a solution to the exchange's recent issues. The statement comes amid speculation the CEO was in hiding following reports of an estimated 744,000 bitcoins worth about $350 million was stolen. Tuesday's shutdown came after weeks of problems for Mt.Gox, which suspended withdrawals earlier this month.

Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.