Discord Server Red Security Twitter Donation to Red Security Red Security Youtube Channel Red Security Tumblr Profile
Login or Register to Hide ads and Accessing all features on the forum

News 

Mt Gox Crypto Boss Escapes Jail Time

2 Replies, 1961 Views

[Image: z2-crypto-a-20180123-870x580.jpg]

            In Tokyo today, a French national, Frank Karpeles was found guilty of "fiddling finances" at the firm he worked at. Mr. Karpeles was to be given a two-and-a-half year sentence and a four year suspension for mixing personal finances with those at this firm, in order to hide a 500 million dollar loss; although, his sentence was suspended. 

      Mr. Karpeles worked at Mt. Gox, the largest cryptocurrency exchange at its height, but due to a steep decline, investor confidence in the overall market was crippled. Also suffering a large breach and theft of over 850,000 BTC, in 2014. Mr. Karpeles was suspected to be connected to this breach, after he was able to recover some of the losses from an old wallet. Mr. Karpeles was arrested the following year, and at the time he persisted in claiming his innocence, but did apologize for the cyber attack, for "happening on his watch".

      Mr. Karpeles' trial began in 2017, and so far prosecutors did insist on a 10 year sentence. They have backed this up with claiming he embezzled over 3 million in funds that belonged to customers. 


     Original article cane be found here.



     That was the news folks, have a good week, stay safe out there. 


     -----Mad-Architect
01001001 00100000 01000001 01001101 00100000 01011010 01001111 01000100 01001001 01000001 01000011
Let's say: Good luck Mr. Karpeles Handup  Big Grin
Rs
* Thankful to Allah *
Kurdy
Yeah, seriously
01001001 00100000 01000001 01001101 00100000 01011010 01001111 01000100 01001001 01000001 01000011

Possibly Related Threads…
Thread Author Replies Views Last Post
Smile News Critical Vulnerability In Bisq Crypto Exchange Exploited For Some Users Mr.Kurd 0 1,693 04-10-2020, 02:46 PM
Last Post: Mr.Kurd
  News Urgent !! Windows User Urged to Patch A Critical Crypto Vulnerability on Windows 10 Mr.Kurd 1 1,674 01-15-2020, 11:38 AM
Last Post: poolclosed
  News Bitrue Crypto Exchange Robbed: 4.5 Million Lost Mad-Architect 0 1,214 06-27-2019, 10:34 AM
Last Post: Mad-Architect
  News Attackers Blocked in Crypto Breach: Mad-Architect 0 1,521 06-22-2019, 04:00 PM
Last Post: Mad-Architect
  News Australian Based Security Researcher Avoids Jail Mad-Architect 0 1,435 05-02-2019, 02:01 PM
Last Post: Mad-Architect
  News Dutch Hacker Who DDoSed the BBC and Yahoo News Gets No Jail Time Mad-Architect 2 2,218 03-17-2019, 09:53 PM
Last Post: Mad-Architect
  News NSA’s Top Policy Advisor: It’s Time to Start Putting Teeth in Cyber Deterrence Mad-Architect 0 1,576 03-04-2019, 08:37 PM
Last Post: Mad-Architect
  News CookieMiner Malware Can Steal Crypto Exchange Cookies, Saved Passwords and iPhone SMS Mad-Architect 0 1,409 02-06-2019, 01:34 PM
Last Post: Mad-Architect
  News Is It Time For Passwords to Become Extinct? Mad-Architect 0 1,724 12-26-2018, 04:55 PM
Last Post: Mad-Architect
  News China: Wrong Place - Wrong Time Mad-Architect 1 1,820 10-04-2018, 09:14 PM
Last Post: Mr.Kurd



Users browsing this thread: 1 Guest(s)