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16/03/19 09:00 UTC-4

Former head of MtGox, Mark Karpeles, was sentenced to 2.5 years of probation

Mark Karpeles, CEO of the now-defunct Mt Gox Bitcoin Exchange, was sentenced by the Tokyo District Court. The court found him guilty of forging documents but found him not guilty of embezzlement. He received a suspended prison sentence of two and a half years.

The CEO of the now defunct Mt. according to local media, he was sentenced to a suspended sentence of two and a half years on Friday after a Tokyo District Court found him guilty on charges of data manipulation. Noting that the court suspended the sentence for four years.

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Court sentence

The court found Mark Karpeles, a 33-year-old Frenchman, for falsifying computer data, but justified him on charges of embezzling millions from client accounts.

The court also found that "the creation and use of falsified records required huge sums of money, which seriously damaged the trust of users".

One of the three main accusations led to the fact that Karpeles received a two-and-a-half-year prison sentence. Karpeles showed his respect for the judges and, although he did not make any statements, his modest reaction indicates his satisfaction with the results of this legal challenge – after all, this is a huge deal, replacing ten years in prison.

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Mark Karpeles, CEO of Mt Gox, was sentenced by the Tokyo District Court. Karpeles’s conviction does not fit into the scandal with Mt.Gox, since the one who stole most of the bitcoins is still at large, and Colin Burgess, a well-known creditor/fighter with Mt.Gox, is still waiting for justice.

Editor: Godfrid Brower

See also: "Google searches related to Altcoin are approaching historic highs"

#MtGox #MarkKarpeles #court #cryptocurrency

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