Former Mt Gox CEO Mark Karpeles Claims Innocence as Trial Nears End

In his closing arguments in a Tokyo court, Mark Karpeles, former CEO of collapsed bitcoin exchange Mt. Gox, has restated his innocence in the events that saw the firm lose millions in customer funds and ultimately go bankrupt.

He faces charges of embezzling approximately 340 million yen (over $3 million) from the exchange and fraudulently manipulating Mt. Gox data.

On Thursday, Karpeles apologized for his failure to protect users’ cryptocurrency from hacking, but stressed he was not guilty on all charges presented in court, according to Japanese broadcaster NHK.

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