Mark Karpelès, the former CEO of Mt. Gox, tells the story in his own words: how he bought the exchange in 2011 with no money down, the June 2011 hack, the 2013 US seizure and blocked wires, a year detained pending trial, and the bankruptcy that is still being closed today. Then the story that brought him back into the spotlight: a cheap Ledger Nano X that turned out to hide a spy implant, how it reads your 24 words and what the new mass-produced version looks like, and the antenna detector he is building to catch it.
Mark's statements about Ledger and the implants are his own account and opinion. Ledger has confirmed at least one implanted device sold by the reseller CryptoBilis and says devices bought directly from Ledger show no sign of tampering.
ES: Mark Karpelès, ex CEO de Mt. Gox, cuenta con sus palabras cómo compró el exchange en 2011, el hackeo de junio de 2011, el embargo de 2013, un año detenido en espera de juicio y la quiebra que sigue cerrándose. Y la historia del implante espía que encontró en un Ledger Nano X barato y el detector de antenas que está construyendo. Episodio en inglés.
⏱ CHAPTERS
00:00 Cold open: Mark Karpelès in his own words
01:28 Welcome: the man behind Mt. Gox and the Ledger implant
02:37 Bitcoin since 2010 and exchanges with Satoshi
03:03 What Mark builds today: Capitalist Lab
04:26 The company named after his cat
05:29 Why Mark stayed in Bitcoin after everything
07:22 Buying Mt. Gox with no money down, and the Fukushima earthquake
10:29 The June 2011 hack: the night the price crashed
14:25 Sponsor break: Blockstream Jade, Bull Bitcoin and Umbrel
16:17 Mt. Gox years: the Bank of France, Poland and blocked wires
18:15 The 2013 US seizure and the banks that stopped the wires
20:08 The bankruptcy today: creditors and the last meeting
21:20 Mark's role at Mt. Gox and the biggest lesson
23:35 Bitcoin in 10 years: ECDSA, quantum, and a year detained while Bitcoin argued
25:35 How Mark wants to be remembered, and helping Mt. Gox creditors
28:13 Capitalist Lab: recovering lost data and lost Bitcoin
30:00 How Mark found the spy implant in a cheap Ledger Nano X
31:13 How the implant steals your 24 words
36:13 The new implant: mass-produced and self-aligning
38:08 Where do the implants come from?
42:08 The antenna detector Mark is building
44:23 Detector status: prototype, simulations and open source
48:40 Ledger's communication, and what could have been done
53:02 The Mt. Gox lesson: transparency is paramount
56:18 What to do: open your Nano X, tag Mark on X
57:50 Japan after Mt. Gox: regulation and innovation
59:24 Quantum vs supply chain: which is the bigger risk?
61:44 Bob Burnett's question: what to do with Satoshi's coins
63:31 Mark's message to the Bitcoin community
64:33 Closing
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Credit (cold open B-roll): Tokyo Skytree 2012 and Rainbow Bridge 2014 by ContributorQ, CC BY 3.0, Wikimedia Commons.
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