Decade sentence recommended for former MtGOX CEO
December 12, 2018 —
shinohai
Prosecutors in Tokyo's District Court recommended a 10-year prison sentence for former MtGOX CEO Mark Karpeles in their closing arguments today, asserting that he "betrayed his clients and used a huge amount of their money" and constructed a flimsy excuse to cover it all up. MtGOX was formerly the largest Bitcoin exchange in the world, but went bankrupt in 2014 after around $423 million USD worth of Bitcoin and fiat went missing. Karpeles claimed "LOL, we wuz haxed" and that the money discrepancies were personal loans, though prosecutors allege no documentation exists to support his version of events. (archived)
