Japan’s High Court Rejects Former Mt Gox CEO’s Conviction Appeal

Japan’s High Court Rejects Former Mt Gox CEO’s Conviction Appeal

Mark Karpeles (Credit: CoinDesk Japan)

The former CEO of Mt. Gox – the bitcoin exchange at the center of one of the most notorious hacks in crypto – has had his conviction upheld by Japan’s high court.

On Thursday, Tokyo’s the court threw out an appeal from Mark Karpeles, who had been last year for manipulating electronic data, upholding the original conviction and sentence of two and a half years in prison, suspended for four years.

Karpeles was originally arrested in August 2015, roughly 18 months after an unknown hackerwith more than 850,000 from Mt. Gox. At the time the amount was valued in the hundreds of millions, but would be , today. Around 15% was later recovered and now constitutes the Mt. Gox estate, which is still being fought over by the exchange’s creditors.

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