Mark Karpeles has asked a federal court to conclude a long-running lawsuit against him by dismissing the action.
The ruling, by a federal judge in Philadelphia, will now see further action brought against former Mt. Gox CEO Mark Karpeles personally.
The former head of the infamous Mt. Gox cryptocurrency exchange is back on the scene with a new idea, this time with a focus on blockchain.
Mark Karpeles will appeal the court decision that found him guilty of charges relating to data manipulation.
Anyone still hoping Mark Karpeles would spend time behind bars got some bad news recently, as it appears Japanese prosecutors have finally given in.
The Japanese court has issued its verdict and it certainly wasn’t what any in the crypto community had expected given the magnitude of the case.
The former CEO of the now-defunct Mt. Gox had made a motion to stay his case, urging it to allow him enough time for an ongoing case in Japan to be determined.
The former CEO of failed cryptocurrency exchange Mt. Gox has reiterated that he is entirely innocent in the events leading up to its demise, in closing arguments at his trial in Japan.
Mt. Gox former CEO, Mark Karpeles, is now in a court in Tokyo, responding to accusations that he embezzled millions from the exchange during his tenure.
While the trustee in charge of managing the Mt. Gox scandal, Nobuaki Kobayashi, is preparing to make it easier for investors to claim their losses, the cryptocurrency exchange’s former CEO, Mark Karpeles, is having to respond to a number of lawsuits.
Mark Karpeles is on the verge of receiving over 160,000 BTC and Bitcoin Cash, which is currently worth more than $1 billion, following reconciliation of accounts after creditors and exchange users were paid their shares.