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Mt. Gox CEO Mark Karpelès to Spend 10 Years in Prison for Bitcoin Embezzlement

Prosecutors have demanded the Japanese court to charge Mt. Gox CEO Mark Kapelès a minimum 10-year jail term under charges of Bitcoin embezzlement and fraud.On Friday, Mark Kapelès, the CEO of now-defunct cryptocurrency exchange Mt. Gox is facing a litmus test. The Tokyo court will announce its verdict as Karpelès

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Former Mt. Gox CEO Mark Karpeles Rejects Brock Pierce’s Plans to Reboot Exchange

Mark Karpeles — the former CEO of the now-defunct Bitcoin (BTC) exchange Mt. Gox — has refuted controversial crypto figure Brock Pierce's claims he can reboot the trading platform and accelerate compensation for Mr. Gox’s creditors. Karpeles made his remarks in private correspondence with Cointelegraph Japan on Feb. 12.As reported,

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Ex-Mt. Gox CEO Karpeles Denies Embezzlement as Prosecutors Call For Ten Year Jail Term

The former CEO of defunct Japanese Bitcoin exchange Mt. Gox, Mark Karpeles, could spend ten years in jail over alleged embezzlement, Japanese daily news outlet Nikkei reported Dec. 12.Karpeles, who presided over the major hack of Mt. Gox in 2014 that resulted in the loss of 850,000 BTC ($2.87 billion),

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Founder of Mt. Gox Bitcoin Exchange Mark Karpeles Disputes Lawsuit Filed in Illinois

The founder of now-defunct Bitcoin (BTC) exchange Mt. Gox Mark Karpeles has filed a motion to dismiss a legal case filed against him in Illinois, according to a report by Financefeeds August 25. The class action in question was originally filed in Illinois by Gregory Greene and Anthony Motto, two

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