Mt. Gox’ Mark Karpeles to appeal data manipulation conviction

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Mt. Gox’ Mark Karpeles to appeal data manipulation conviction
By David Canellis


Mt. Gox‘s former chief Mark Karpelès has confirmed his intent to appeal last week’s court ruling, which found him guilty of manipulating the financial records of his embattled cryptocurrency exchange to conceal its massive losses. Tokyo‘s District Court recently handed Karpelès, a Frenchman and long-term Japan native, a 33-month suspended sentence (which means he’s likely to avoid jail). An email exchange just published by the New York Times shows Karpelès will indeed appeal his conviction. The court ruled he had combined personal finances with user funds to hide the extent of 2014’s debilitating 850,000 Bitcoin loss (worth $500 million back then, but well over $3.4 billion today).…

This story continues at The Next Web


March 29, 2019 at 05:03PM
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