In his final plea in Tokyo court, Marc Carballis, former CEO of MTGox, confirmed his innocence in the facts that led the company to lose millions of dollars in client funds and go bankrupt.
Carpelis faces charges of hijacking nearly 340 million yen (over $ 3 million) of the trading platform and manipulating fraudulent data in the Mt.
On Thursday, he apologized for his failure to protect private crypto currency from piracy, but said he was not guilty of all the charges against him in court, according to the Japanese Broadcasting Corporation (NHK) .
The Mt.Gox platform collapsed in early 2014 after learning that it had lost more than 800,000 configurations, which amounted to $ 480 million at the time (although some were found later in the portfolio of material). The case began in June this year with the release of Karpelis after being released on bail in 2017, provided he does not leave Japan. He also denied the charges of embezzlement at the time.
Carbiles has also been accused of manipulating data on Mt.Gox to inflate the volume of transactions on the platform. During the trial, his defense team claimed that the transfer of funds to his own account had been made as part of the work of the platform.
Karpili is currently facing up to five years in prison and the public prosecutor is now seeking a ten-year sentence, according to reports received earlier this month. The court is expected to announce the judgment on March 15, 2019.