Back The Guardian Head of Mt Gox bitcoin exchange on trial for embezzlement and loss of millions
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Head of Mt Gox bitcoin exchange on trial for embezzlement and loss of millions11 Jul 6:56am

Head of Mt Gox bitcoin exchange on trial for embezzlement and loss of millions

The Guardian
Mark Karpelès faces up to five years in jail as Japanese authorities press charges in bankruptcy case that lost 850,000 bitcoins and $28m of user money The 32-year-old head of failed bitcoin exchange Mt Gox pleaded not guilty on Tuesday to charges relating to the loss of hundreds of millions of dollars worth of bitcoins and cash from what was once the world’s biggest exchange based in Japan. Mt Gox, which handled around 80% of global bitcoin trades, shut down and
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