Mt. Gox CEO Mark Karpeles braces for bitcoin trial in Japan

[alyssa85]

http://www.japantimes.co.jp/news/2017/07/10/national/crime-legal/mt-gox-ceo-mark-karpeles-braces-bitcoin-trial-japan/#.WWNS2mjTXIU

The former CEO of collapsed bitcoin exchange Mt. 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.

“He is keeping calm as the trial gets underway,” his lawyer Kiichi Iino said, adding that Karpeles, 32, plans to plead innocent.

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.

“The charges only cover a subset of the issues which were happening at Mt. Gox, so I don’t expect that we will find out most of the information we want to know,” said Kolin Burges, a British investor who said he lost several hundred bitcoins in the exchange’s collapse.

[unamis76]

And this issue keeps being dragged, and dragged further, lost in countless meetings and trials, while depositors still don't have their money back. This is easily solvable by just returning the 200000 BTC "found", in % according to what each user had deposited. The rest is either gone or stolen by Karpeles. If it is stolen by him, it will eventually resurface.