Former Mt. Gox CEO Pleads Not Guilty to Fraud Charges

In the first hearing of his trial for fraud, former Mt. Gox CEO Mark Karpeles plead not guilty in Tokyo District Court on Tuesday. Karpeles is charged with embezzlement and data manipulation. The Japanese-based Mt. Gox, once the world’s largest Bitcoin trading platform, ceased operations in early 2014. It later revealed that it had lost 850,000 Bitcoins, most of which belonged to its users.
Karpeles purchased Mt. Gox in 2011 from Jed McCaleb, who founded the website in 2006 as a online tra