MtGoxs former CEO is now shilling a cat-themed memecoin

The price action of “$ChiefPussy” suspiciously looks like a rug pull.

He since been burning the tokens he received.

Mark Karpelès cat and MtGox go way back

Karpelès acquired the crypto exchange MtGox from its original founder Jed McCaleb in 2011. Three years later, the exchange, one of the biggest of its kind at the time, declared bankruptcy after losing hundreds of thousands of bitcoins (BTC).

Two Russian hackers, Alexey Bilyuchenko and Aleksandr Verner, stole at least 647,000 BTC across the exchanges lifetime.

In one bankruptcy filing, the exchange said it had lost 750,000 user BTC and 100,000 of its own BTC, a total of $480 million in 2014.

Karpelès was found guilty of one charge for falsifying data and received a suspended sentence that allowed him to avoid prison time.

It goes without saying that Tibane the cat was along for the ride. Karpelès shared how, days after taking over MtGox, the cat managed to survive a major earthquake in Japan.

The company he acquired MtGox with was called Tibanne Co. Ltd.

Tibane (the cat) departed this life Saturday 21st of September 2019 in the morning after a long and painful battle against chronic kidney disease.

Unfortunately, Tibane passed away in 2019.

Tibane also travelled from Paris to Japan on a long-haul flight that meant he had to be issued his very own passport that showed he was properly chipped and vaccinated.

Chainstone Labs CEO Bruce Fenton claimed in 2019 that Tibane was even a member of the Bitcoin Foundation, recalling that Karpelès bought the cat a lifetime membership to match his own.

Fenton added that membership was roughly 50 BTC, a figure worth $4.1 million today.

Since MtGoxs collapse, years of bankruptcy proceedings have taken place, and as of last October, it claims to have repaid roughly 19,500 creditors.

Many creditors still havent been paid yet, however, and MtGox has extended its repayment deadlines to October 2026.

Karpelès launched another crypto exchange called EllipX back in 2024, and in 2023 was given the title “Duke of Joseon” by a so-called “cyber nation state.”