Mt.Gox CEO Mark Karpeles pleads not guilty

posted 12 months ago
Mark Karpeles, a 32-year-old French national, was answering charges of embezzlement and data manipulation today at the Tokyo District Court.

In court in Tokyo, the CEO's defence explained that a transfer of just over £2m from an account which managed customers' funds to an external account was not embezzlement, but a legitimate transfer based on the company's revenue.

Karpeles is also alleged to have illegitimately increased the value of bitcoin in an account on Mt. Gox under his own name.

He told the court in Japanese: "I swear to God that I am innocent."
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