Ex Mt.Gox CEO Mark Karpeles has revealed his new plans for the crypto space after he led his exchange to bankruptcy. According to the latest cryptocurrency news, he will launch a new blockchain venture with a goal to make Japan a global leader in blockchain technology.
Karpeles was found guilty for embezzlement and data manipulation at Mt.Gox and received a suspending sentence earlier this year. He is now looking to get back on track with a new blockchain business venture. He later became popular in the news and entire crypto space after the hackers attacked his platform and managed to steal about 850,000 BTC from Mt.Gox which was considered as the largest crypto exchange in the world at that time. Karpeles later filed for bankruptcy.
The prosecutor went after Karpeles for fraud and embezzlement claiming that he laundered $3 million form client accounts right before the attack. The now ex CEO of Mt.Gox was cleared of the charges and he avoided a ten-year prison sentence. The judge on the case, however, found evidence of record tampering that led to the loss of funds:
“The charge of electronic record tampering is true and deserves punishment.”
Karpeles manipulated and also falsified bitcoin trading data on the exchange platform. He was handed a two year and six months sentence so he is now appealing the charge.
The details on his new blockchain venture, on the other hand, are very short. Karpeles wrote a book which he published in May named Cryptocurrency 3.0 and according to the publishers you can read that:
“This book is the definitive guide written for the first time by a man who is the best in the world in virtual currency… The first book of a genius programmer who proved “clean.”
As reported in the previous altcoin news, Karpeles tweeted:
“As a result of the trial, my innocence was proved, but it was a really painful experience.Because I only know both the wonder and the fear of virtual currency, I can tell you all.”
Many fear his new decision to start a blockchain business since the victims of the exchange are still desperately struggling to get their money back.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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