Mt. Gox CEO decides to challenge conviction against manipulating financial data

Mark Karpeles, former CEO of Mt. Gox crypto exchange, has appealed against its conviction for manipulating data, The Associated Press (AP) reports on March 29.

On March 15, Karpeles was acquitted of embezzlement, but was found guilty of tampering with financial data, claiming that the court manipulated data to harm his customers, violate their trust and abuse his technical skills.

The Tokyo court reportedly stated that Karpeles was guilty of combining his personal assets with those of the exchange to hide the platform's losses from hackers. Karpeles is said to have been sentenced to two and a half years' imprisonment, which he will have to serve in case he commits another violation within four years.

According to reports from yesterday, Japanese prosecutors then appeal to the acquittal of Mt. Gox CEO. According to The Mainichi, prosecutors had initially tried to appeal against the acquittal of embezzlement, but then decided to leave the decision.

Karpeles told AP that he decided to challenge the data manipulation because the judge had not fully looked at the defense argument.

Karpeles Nobuyasu Ogata's lawyer reportedly stated that Karpeles is making efforts to reduce the risks to Mt. Gox users with their promotions after the massive 850,000 Bitcoin (BTC) hack in 2014.

Karpeles said he believes recourse to the judgment is appropriate so that he can be convicted again in & # 39; full attention to all facts & # 39 ;, he wrote in an email to AP.

Last week, Mt. Gox's trustee, Nobuaki Kobayashi, has announced that he has processed the rehabilitation claims for creditors and that they will be notified of the results within a few days. The number of users affected by the hack is said to be more than 24,000.

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