Category: Tokyo District Court

Crypto Investor Brock Pierce Is Attempting to Pull Mt. Gox From the Ashes

Crypto Proponent Brock Pierce Is Attempting to Pull Mt. Gox From the AshesProminent cryptocurrency entrepreneur Brock Pierce is attempting to revive the defunct Mt. Gox exchange by submitting a single rehabilitation plan for creditors called Gox Rising. Back in 2014, the former CEO of Mt. Gox, Mark Karpeles, reportedly signed over all of the business’s assets to Pierce and a firm called Sunlot Holdings Limited. Also read: Indian Supreme […]

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Former Mt. Gox CEO Says He Is Sorry But Maintains His Innocence as Trial Closes

Mark Karpeles, the former chief executive officer of the now-defunct Mt. Gox, has reportedly apologized for the losses that led to the demise of the cryptocurrency exchange. However, the embattled Frenchman insisted on his innocence regarding charges of embezzlement in closing arguments during his trial in Tokyo on Dec. 27. Also read: Wine Retailer to Buy […]

The post Former Mt. Gox CEO Says He Is Sorry But Maintains His Innocence as Trial Closes appeared first on Bitcoin News.

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Former Mt. Gox CEO Could Face 10 Years in Jail Over Embezzlement

Former Mt. Gox CEO Faces 10 Years in Jail Over Embezzlement in JapanJapanese prosecutors are seeking a 10-year jail term for Mark Karpeles, the former CEO of Mt. Gox. The embattled Frenchman, who has been previously accused of diverting company money for prostitutes, business acquisitions and luxury items, is facing charges of transferring $3 million of client funds to his own account for investment in a software […]

The post Former Mt. Gox CEO Could Face 10 Years in Jail Over Embezzlement appeared first on Bitcoin News.

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