Mt. Gox CEO Karpelès Reveals Details of 2014 Collapse and Japanese Detention
Key topics
The Mt. Gox CEO, Mark Karpelès, is stirring up old memories with his recent revelations about the 2014 collapse and his time in Japanese detention. As commenters reflect on the past, some share their own tales of cryptocurrency mishaps, with one user jokingly referencing a 2010 comment about investing in Mt. Gox, while others wistfully recall missed opportunities, like investing in Nvidia or holding onto Bitcoin. The discussion takes a more serious turn when some commenters criticize Karpelès, with one accusing him of "massively manipulating the Bitcoin market" and another suggesting the article glosses over his alleged wrongdoing. Amidst the mixed reactions, a common thread emerges: the unpredictable nature of cryptocurrency and the what-ifs that continue to haunt many.
Snapshot generated from the HN discussion
Discussion Activity
Moderate engagementFirst comment
26m
Peak period
10
1-2h
Avg / period
6.3
Based on 38 loaded comments
Key moments
- 01Story posted
Dec 24, 2025 at 11:21 AM EST
9 days ago
Step 01 - 02First comment
Dec 24, 2025 at 11:47 AM EST
26m after posting
Step 02 - 03Peak activity
10 comments in 1-2h
Hottest window of the conversation
Step 03 - 04Latest activity
Dec 24, 2025 at 4:56 PM EST
9 days ago
Step 04
Generating AI Summary...
Analyzing up to 500 comments to identify key contributors and discussion patterns
Want the full context?
Jump to the original sources
Read the primary article or dive into the live Hacker News thread when you're ready.
-Someone in 2010
When I was a kid I walked into a bank, opened an account with no ID and no parent permission, and that was that. Can't imagine that's even possible anymore.
Keep the Bitcoin. The pot you'll buy with all 10 of them is mostly seeds and stems.
From, Very upset future Loughla
It's especially big in crypto because the whole community has a conspiratorial "the System is against us" mindset, and if you can successfully tap into that and convince people "I was targeted by The Man, man" all your crimes can be washed away.
And:
At shells.com, his personal cloud computing platform, he’s quietly developing an unreleased AI agent system that hands artificial intelligence full control over a virtual machine: installing software, managing emails, and even handling purchases with a planned credit card integration. “What I’m doing with shells is giving AI a whole computer and free rein on the computer”, a brilliant idea, really. AI agents on steroids.
Like managing other people's crypto, it seems like an idea that could actually blow up your face.
Many countries have no issue with that, serving time is considered enough of a punishment. The idea of (especially mandatory) deporting of criminals is relatively new, driven primarily by the far-right.
IMHO it is unethical for two reasons - first, it violates the principle of every human being equal under the law because clearly non-citizens have a second punishment on top, second because in many cases (although not in this one) the target country isn't equipped to deal with serious criminals - that's how the US got MS-13 and other gangs causing trouble in South America in the first place.
Incidentally, if Germany had deported a foreigner who led an attempted coup d'etat, perhaps it would have saved tens of millions of lives. The things people get away with a slap on the wrist for...
Whoops. Yeah, worded the original post badly. My intent was that it is relatively new that this is a policy under active (and heated) discussion.
> In fact, it used to be commonplace to deport your own citizens, not just foreigners. The modern nation of Australia exists as a result of such a policy!
Which just proves my last point... it's in almost all scenarios really really bad for the destination country. The Australian Indigenous people have been driven to the point of extinction by that policy.
> Incidentally, if Germany had deported a foreigner who led an attempted coup d'etat, perhaps it would have saved tens of millions of lives.
German here. I don't think it would have changed much. Sure, Hitler was undoubtedly charismatic... but even the most charismatic demagogue needs a desperate populace. If it weren't Hitler, someone else would have risen - a lot of powerful interests were aiming for the final collapse of the Weimar Republic, which is part of the reason why Hitler got off with a slap on the wrist, and part of the reason why he did get elected legitimately a decade later.
Paul McCartney would like to have a word with you.
Not just Japan. For decades, SE Asian countries such as Thailand, Malaysia and Indonesia have deported foreign convicts upon release and applied re-entry bans. It's not a new thing driven by right-wing politicians.