Mark Carpeles doesn't plead guilty to embezzlement

According to the prosecutors, former CEO of Mt Gox spend millions of Yeans on a canopy bed
11 July 2017   1239
Bitcoin

So I am gonna try and build one using Rails.

Founder of once largest cryptocoin exchange denied the accusations of embezzlement of 850 000 BTC. This is reported by the JapanTimes. 

Trial had began at Tuesday at Tokyo District Court. Mark Karpeles, the 32-year-old French-born CEO of the now-bankrupt exchange, assures that the loses was coused by the hackers attack. 

He pleaded not guilty to both data manipulation and the embezzlement of a total of ¥341 million of customers’ money between September and December of 2013.

Karpeles swore in Japanese that he is not guilty. Additionally, he offered his "sincere apology for causing inconvenience to many clients with the bankruptcy of Mt. Gox". He also added that data manipulation was part of his company’s regular business operations.

The main reason for the Bitcoins’ disappearance was an external hacking attack.
 

Mark Karpeles
MtGox, founder

Prosecutors argued in their opening statement that Mark managed the company assets and money entrusted by the company’s clients in the same bank account, and had failed to respond to requests by company associates to separate them.

According to the prosecutors, 315 000 000 Yens were spent on 3-D printer business purchase and 6 000 000 Yens were spend on the purchase of a canopy bed for his personal use.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   407

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of founders@ravenprotocol.com their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.