Karpelès Used a Calculator and Basic Stationery to Prepare Defense
Mark Karpelès, one of the co-founders of the now-defunct Tokyo exchange Mt. Gox, recently shared that he used a scientific calculator and basic stationery to prepare his defense against allegations of embezzlement. He explained that at the time, the scientific calculator was the preferred tool for accounting-related crimes and helped him prove that the company earned more than it spent. Karpelès stated that he was cleared of all embezzlement charges thanks to the calculator and the work of his defense team.
Former FTX Boss Denied Pretrial Release to Access Faster Internet
In a similar vein, Sam Bankman-Fried, the former boss of FTX, has been denied pretrial release after intimidating two witnesses. His lawyers argued that he needed faster internet speeds to access material for his defense, but prosecutors contended that his current access to laptops and internet twice a week were sufficient. Bankman-Fried is facing charges of fraud and campaign finance violations following FTX’s bankruptcy filing. The judge denied his release request, and his trial is set for October.
Hot Take: The Importance of Preparation in Legal Defenses
These cases highlight the significance of thorough preparation when it comes to mounting a defense in legal proceedings. Both Karpelès and Bankman-Fried faced serious charges related to their involvement in cryptocurrency exchanges, and their ability to present a strong defense played a crucial role in their outcomes. Whether it’s using a simple scientific calculator or ensuring access to necessary resources, careful preparation can make all the difference in navigating complex legal situations within the crypto industry.
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