US Mt Gox Victims Notch Legal Win Against CEO of Infamous Bitcoin Exchange

Mark Karpeles, the former CEO of the notorious Mt Gox, has lost the motion to strike a lawsuit against him on the grounds that plaintiffs – specifically the defunct bitcoin exchange’s US victims – are likely to be reimbursed eventually. The exchange’s former CEO spent nearly a year in a Japanese jail after being arrested and charged with embezzlement and is now out on bail. Karpeles is awaiting trial in a country with a 99% conviction rate and faces up to 10 years in prison following the loss or theft of 850,000 BTC from the exchange in 2014. Now, a

The post US Mt Gox Victims Notch Legal Win Against CEO of Infamous Bitcoin Exchange appeared first on CCN

source https://www.ccn.com/us-mt-gox-victims-score-against-ceo-of-bitcoin-exchange

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