A Japanese judge decided to uphold data breach charges filed against Mark Karpeles, the CEO of the now-defunct Mt.
In late March, Karpeles appealed his conviction for altering financial record data to harm his clients. Now, the local Nikkei news agency reported on 11 June that Tokyo district court judge Mariko Goto decided to support the earlier decision.
Mt. Gox CEO Decides to Appeal Conviction for Tampering with Financial Records
Karpeles gets 2 years in prison
The previous decision sentenced Karpeles to two and a half years in prison for altering the data on Mt. Gox from February to September 2013 and depositing $33.5 million into his account. You will not have to serve that sentence unless you commit another crime within four years.
Japanese court finds former Mt. Gox worker guilty of record tampering
Karpeles claimed that increasing his account balance was not a crime. The judge, on the other hand, decided that this action violated the company’s terms and conditions and added that the account balance was manipulated to hide the company’s false Bitcoin (BTC).
Mt. Gox was once the world’s largest and most successful crypto currency exchange. At the time of its closure, it was the largest cryptoexchange to disappear after a hack. In February 2014, the company declared that nearly 750,000 of its customers‘ Bitcoins, as well as 100,000 of the company’s own Bitcoins, had been stolen.