millions: Frenchman Mark Karpeles once the high-flying head of the world's busiest bitcoin trading platform, who reportedly lived in an 11,000-a-month penthouse and spent money lavishly, including on prostitutes is facing embezzlement and data manipulation charges, according to The Japan Times. He is keeping calm as the trial gets underway, his lawyer Kiichi Iino said, adding that Karpeles, 32, plans to plead innocent. Gox will go on trial in Tokyo next week on charges stemming from the disappearance of hundreds of millions of dollars worth of the virtual currency from its digital vaults. Karpeles was first arrested in August 2015 and released on bail nearly a year later over allegations he fraudulently manipulated data and pocketed millions worth of bitcoins. Gox, which claimed it once hosted around 80 percent of global bitcoin trading, closed in 2014 after admitting that 850,000 coins worth around 480 million at the time had disappeared from its vaults. Mt.
(news.financializer.com). As
reported in the news.
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