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Mt. Gox CEO Mark Karpeles was found guilty, given a suspended sentence



Mark Karpeles, former CEO of Mt. The Gox cryptocurrency exchange was given a sentence of two years and six months, suspended for four years after being found guilty of manipulation of the records of the Tokyo District Court. Karpeles was not found guilty of two charges, disruptions and breaches of company law.

The prosecutors sought a 10-year sentence, but according to The Wall Street Journal, whose Karpeles "stays on good behavior for the next four years, he won I must not make time in prison."

Karpeles was not trying for it actual disappearance of $ 450 million in bitcoin from the exchange, which resulted in the bankruptcy of Mt. Gox in early 2014. The bankruptcy procedure related to Mt. Gox continues in March 201

9.

Karpeles told The Block: "I am grateful to the court and happy to be convicted not guilty of poisoning and breach of trust. "He added that he will discuss with his lawyers and decide how to proceed with the remaining cost.


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