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Now it appears that the The Star has escaped the majority of the fines – which could have mounted up to $99,000 – as the charges were attempted under the Lotteries and Arts Unions Act, which factored both the permit and regulation offenses. Apparently Magistrate Jan Stevenson, in a hearing at Sydney’s Downing Centre, decided against recording any conviction for The Star, and ordered the casino to pay just $10,000 in professional fees as a result of its actions.
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A hacking incident in 2014 resulted in a loss of Bitcoins worth $473 million, based on the price at that time. It remained the largest theft in the cryptocurrency industry, until Coincheck cryptocurrency exchange lost $533 million in January 2018. Following the hacking incident, Mt.Gox became insolvent and was forced to file for criminal bankruptcy proceedings. Mark karpeles, former owner of Mt.Gox, served prison sentence for mismanagement of funds. If Mt.Gox had remained under criminal bankruptcy, Karpeles would have received the amount that remains after settlement with creditors, based on the exchange rate (~$480/BTC) in 2014. This would be in hundreds of millions of dollars. However, the court ruling has protected investors’ interests. Karpeles had earlier stated that he does not want the funds and would offer his support to the creditors.