In his closing arguments in a Tokyo court, Mark Karpeles, former CEO of collapsed bitcoin exchange Mt. Gox, said he did not embezzle funds.
Japanese prosecutors are seeking a 10-year sentence for former Mt. Gox CEO Mark Karpeles over embezzlement of user funds.
The trustee of the collapsed bitcoin exchange Mt. Gox is hoping to give creditors more time to enter civil rehabilitation claims.
Clients of the defunct crypto exchange Mt. Gox must submit claims for trapped funds by Oct. 22.
The Japanese trustee for Mt. Gox has sold cryptos worth $230 million since March as part of the collapsed exchange's bankruptcy proceedings.
Corporate creditors of the long-defunct bitcoin exchange Mt. Gox can now enter online claims for refunds of trapped bitcoin assets.
Creditors of the defunct bitcoin exchange Mt. Gox can now start to submit proofs for claiming refunds in the exchange's rehabilitation process.
A group of creditors of the now defunct bitcoin exchange Mt. Gox have started preparing a rehabilitation plan to claim for bitcoin repayments.
Mt. Gox's bankruptcy proceedings have been halted and its bitcoin holdings could soon be distributed to creditors seeking reimbursement.
Approximately $141 million worth of bitcoin was moved from several remaining wallets of former bitcoin exchange Mt Gox on Wednesday.