Karpeles Claims to be Innocent Again

Speaking before the court he stressed that he considers himself innocent of the charges brought against him
27 December 2018   1052

Former head of the bankrupt Mt. Gox exchange Mark Karpeles during his closing speech at a Tokyo court called himself innocent of the events that caused the millions of clients lost and the company's collapse. It is reported by CoinDesk.

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

Speaking before the court, the ex-CEO apologized for not being able to save the users cryptocurrency from the hacker attack. At the same time, he stressed that he considers himself innocent of the charges brought against him in court.

The largest in its time Bitcoin Exchange Mt. Gox crashed in early 2014. This happened after the dissemination of information about the loss of 800 000 BTC, which were worth $ 480 million at that time.

Hearings on Karpeles and Mt. Gox last from June. The ex-head himself was released on bail in 2017, provided that he would not travel outside of Japan.

It is worth emphasizing that Karpeles is not charged with multimillion-dollar losses due to hacker attacks. However, prosecutors claim that he transferred the users' 340 million yen to his account between September and December 2013. According to the authorities, these funds Karpeles used to invest in a business related to software development.

In turn, the defense of Karpeles claims that the transfer of funds was carried out without violations, within the framework of the business model of Mt. Gox.

DEAPCOIN IEO to be Held at OKEx on 8.04

The project is planning to raise $2M a the price of 1 DEP on IEO will be $ 0.0025
25 March 2020   1020

OKEx Exchange announced Wednesday the 11th initial exchange offering (IEO). It will be conducted by the DEAPCOIN Project (DEP) and will be held on April 8th.

As in previous OKEx campaigns, the selection of participants and the selection of the allocation coefficient will be carried out according to two criteria: the average daily balance of OKB and the trading volume on the exchange. For each of the groups, allocation of 400 million DEP tokens is allocated.

The price of 1 DEP on IEO will be $ 0.0025. Thus, the project intends to attract up to $ 2 million from OKEx users. Trading in USDT and USDK pairs will start on the same day.

The DEP token was released by DEAPCOIN to shape the economy around the PlayMining entertainment platform they are developing, where users can earn cryptocurrency during games. DEP is presented as an ERC-20 standard token, while game items on the blockchain will use the ERC-721 standard.

Despite the generally negative dynamics of the IEO space recently, the token of the previous placement of the OKEx platform - HyperDAO - that passed at the end of February is currently trading almost 3 times higher than the initial selling price.