Mt. Gox Creditors Have a Second Chance to Appeal Claim Decisions

According to the official Mt. Gox website, creditors of the now defunct bitcoin exchange have one last chance to dispute their claims. The civil rehabilitation trustee, Nobuaki Kobayashi, has also explained the details surrounding the court’s decision to approve or disapprove filed claims. Also read: Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement … Read more

In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

Mt. Gox rehabilitation trustee Nobuaki Kobayashi has reviewed the claims filed by the exchange’s creditors and we’ve included his announcement in The Daily. Also, Caspian launches crypto derivatives trading in partnership with Deribit, Facebook is looking to hire a blockchain lawyer, and Swiss lawmakers have tasked the federal government with adapting existing regulations to cryptocurrencies. … Read more

Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement

Mark Karpeles, CEO of the now-defunct bitcoin exchange Mt. Gox, has been sentenced by the Tokyo District Court. The court convicted him of record tampering but found him not guilty of embezzlement. He received a suspended jail sentence of two and a half years. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF … Read more

Mark Karpeles Still Faces Class Allegations in the U.S. After Japan Verdict

Mark Karpeles, the chief executive of the now defunct bitcoin exchange Mt. Gox, has been denied a motion to stay in a class action lawsuit in the U.S. The Northern District of Illinois lawsuit originally filed by Anthony Motto and Gregory Greene accuses Karpeles of criminal conversion and fraud. Also read: Kraken Offers $100K Reward … Read more