post #31 of 31
He actually wasn't hiding much. He had a rather public history, even a blog, that described many of his past misadventures.

Problem is that a combination of Gox's early monopoly, and the lack of due diligence of it's users, led far too many people who should have known better to patronize this Man's company.

I myself am guilty of such recklessness. I made an account with them early on when BTC wasn't worth anything, and against my reservations, went back to using it even though MtGox's reputation was poor, even though there were alternatives, be cause I was too lazy to switch to a more reputable exchange. I knew it was a gamble; I didn't put anywhere near all of my eggs in one basket and I tried to get funds in and out as fast as I could, but they were faster, and I lost. I never really looked into the operator's histories, even though I used to do this regularly with my other investments. Again, reckless and lazy on my part. Fortunately, I paid far less for the lesson than many and it's not a mistake I'll be making again.

Still, Karpeles is far from blameless (no pun intended) and his history is going to make claims that he was as much a victim as those whose trust he repeatedly violated seem like even more of a joke than they already were. At best he was grossly negligent in his duties, at worst, he's a pathological liar, a con artist, and the mastermind behind a half-billion dollar theft.
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