Mt. Gox Restitution Process Frozen Due to One Man’s $16B Claim

On Jan. 31, Mt. Gox victims were enraged to hear that the founder of Coinlab, Peter Vessenes, is still causing problems for the former exchange’s rehabilitation process. According to information published by public attorney Daniel Kelman, Coinlab filed a claim for ¥1.7 trillion yen (US$16 billion) which is over and above every claimant’s filing. Also […]
The post Mt. Gox Restitution Process Frozen Due to One Man’s $16B Claim appeared first on Bitcoin News. …

Mt. Gox Restitution Process Frozen Due to One Man’s $16B Claim

Former Mt. Gox CEO Could Face 10 Years in Jail Over Embezzlement

Japanese prosecutors are seeking a 10-year jail term for Mark Karpeles, the former CEO of Mt. Gox. The embattled Frenchman, who has been previously accused of diverting company money for prostitutes, business acquisitions and luxury items, is facing charges of transferring $3 million of client funds to his own account for investment in a software […]
The post Former Mt. Gox CEO Could Face 10 Years in Jail Over Embezzlement appeared first on Bitcoin News. …

Former Mt. Gox CEO Could Face 10 Years in Jail Over Embezzlement