Mark Karpeles Avoids Bitcoin, Launches Web Hosting Service

Mark Karpeles, the disgraced CEO of defunct bitcoin exchange Mt Gox, has launched a new web hosting service.

AccessTimeIconAug 25, 2014 at 10:59 a.m. UTC
Updated Sep 11, 2021 at 11:05 a.m. UTC
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Mark Karpeles, the disgraced CEO of defunct bitcoin exchange Mt Gox, has launched a new web hosting service.

The service has been dubbed and is registered under both Karpeles’ name and that of Tibanne, the parent company of Mt Gox.

The company profile says:

"TIBANNE Co.Ltd. is a Tokyo, Japan-based corporation founded in 2009 by talented technopreneurs.

TIBANNE specializes in web hosting, IP transit, VoIP, software development and network administration. We are currently engaged in the reserch and development of new and existing services to produce innovative solutions for our clients."

Notably, bitcoin is not mentioned on the website's pages. page page

Free to talk

Although Mark Karpeles has managed to keep a relatively low profile following the collapse of Mt Gox, he is willing to talk about other projects.

“Unlike other subjects, I am able to discuss,” he told NewsBTC’s Eric Calouro.

In an email exchange with Calouro, Karpeles said Tibanne has been in the web hosting business for years.

“We’ve been doing this since 2009, and even before founding Tibanne I help found a couple other hosting companies,” he said.

Going into details on his new company's offerings, Karpeles said will offer cluster-backed VPS servers with RAID1 on top of RAID 5 physical storage with hot spare drives on standby.

Karpeles considering BTC payments

Karpeles explained that Tibanne experienced a substantial loss of revenue due to the collapse of Mt Gox, coupled with an increase in legal costs. Now Tibanne is focusing on controlling expenses and generating revenue in an effort to “do its part in the Mt Gox bankruptcy process”, he said

“We are also considering accepting payments in BTC/LTC/etc.” said Karpeles. “Tibanne’s other hosting service has been accepting BTC since Sept. 2010 and generated since then a total revenue of over 13,000 bitcoins.”

Karpeles added that Tibanne will soon be releasing a new version of as well.

The collapse of Mt Gox was caused by the alleged theft of about 850,000 BTC, although 200,000 BTC was recovered from an outdated wallet following the collapse.


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