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Mt. Gox CEO has charges against him upheld by a Japanese judge

Mt. Gox CEO has charges against him upheld by a Japanese judge
  • A judge in Japan overseeing the Mt. Gox case has ruled in support of data tampering charges against the CEO of the platform. 
  • Mark Karpeles appealed his conviction at the end of March on charges of having tampered with financial record data to purposefully harm his clients. 

A judge in Japan overseeing the Mt. Gox case has ruled in support of data tampering charges against the CEO of the platform. 

Mark Karpeles, The chief executive officer of the now-closed Mt. Gox platform appealed his conviction at the end of March on charges of having tampered with financial record data to purposefully harm his clients. Earlier this week though on the 11th of June, a Tokyo district court judge by the name of Mariko Goto has decided to uphold the previous ruling.

Now, the previous ruling sent Karpeles to jail for over two years for tampering with data from the platform from February to September 2013 as well as depositing over $33 million into his account. But he will not have to serve the sentence and if he commits another offence within four years. 

As many of you will very well know that Mt. Gox was one of the biggest crypto platforms in the industry when it was live. At the time of its end, it was the biggest crypto platform to disappear following a hack and in 2014, the company stated that almost 750,000 of its customers' bitcoin was stolen. This was on top of 100,000 of the firm's own bitcoins which were also allegedly stolen in the hack.

The CEO has claimed on multiple occasions that his increasing bank account balance was not a crime but the judge on the case ruled that his action violated the terms and conditions of the company and the account balance was adopted in order to conceal fake bitcoin by the business.

For more news on this and other crypto updates, keep it with CryptoDaily!

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