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



Mark Karpeles, former CEO of Monte. Gox cryptocurrency exchange, a sentence of two years and six months was given, suspended for four years after being found guilty of tampering with documents by the Tokyo District Court. Karpeles was found not guilty of two charges, embezzlement and violation of company law

. Prosecutors have asked for a 10-year sentence, but according to the Wall Street Journal, if Karpeles "continues to behave well over the next four years, he won" I have to serve time in prison. "

Karpeles was not tried for the The actual disappearance of the $ 450 million in bitcoins from the exchange, which led to the bankruptcy of Mount Gox at the beginning of 201

4. The bankruptcy procedure relating to Monte Gox is still ongoing starting from March 2019. [19659002] Karpeles told The Block: "I am grateful to the court and happy to be found not guilty of embezzlement and breach of trust." He added that he will discuss with his lawyers and decide how to proceed on the remaining charge.


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