View photosFormer Mt. Gox CEO Mark Karpeles Gets Suspended Jail TermMore
(Bloomberg) — Mark Karpeles, a central figure in the early days of Bitcoin who presided over the dramatic 2014 collapse of the world’s biggest cryptocurrency exchange, was found guilty of tampering with financial records but will likely avoid jail time after receiving a suspended sentence.
The former Mt. Gox chief executive officer sometimes mixed his personal finances with those of the exchange and fiddled with its accounts, apparently to hide the fact that the platform had lost money to hackers, the Tokyo District Court said on Friday. The court cleared Karpeles of embezzlement charges, concluding that the 33-year-old Frenchman had acted without ill intent.
Karpeles, who wore a dark suit in court and bowed to