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A lawsuit against the former CEO of Mt. Gox could create a “dangerous precedent”.

June 12, 2020

A day after A court in Tokyo upheld the charges against him, Mark Karpeles, The former owner and CEO of the now closed Mt. Gox exchange spoke with Cointelegraph about the verdict.

On June 11, the judge of the Tokyo District Court, Mariko Goto, rejected Karpeles’ appeal at an earlier time for manipulating financial data. Karpeles was first sentenced in March 2019 and sentenced to two and a half years in prison. The appeal process started in the same month. The former CEO has to serve a penalty if you commit another crime within four years.

Talk to Cointelegraph Karpeles said he had not decided whether to appeal again. and that he has currently consulted with his legal adviser on how to proceed:

“The verdict in this case is based on the concept of the public prosecutor that the company has its own will, which can differ from that of the management and / or the shareholders. I think this can be dangerous, because if a company goes down, the administration can later be prosecuted for taking measures that violate what the prosecution decided at a particular point in time for the will of the company. “

A lawsuit against the former CEO of Mt. Gox could create a “dangerous precedent”.A lawsuit against the former CEO of Mt. Gox could create a “dangerous precedent”.

On June 11, Judge Goto explained the reason for the indictment as “an action that violates the terms of the services that the company stated as its own will. “

Tokyo-based Gox was the world’s largest stock exchange where almost 70% of all BItcoin (BTC) transactions were held at one point. February 2014 The company lost sight of nearly 750,000 BTC Belong to customers and own 100,000 BTC.

Gox went bankrupt in 2014, Since then, however, recovery processes have been carried out so that creditors can pay.

This plan will be presented before July 1st.