mark karpeles
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Mt. Gox CEO Mark Karpeles cleared of embezzlement charges
Former Mt. Gox chief Mark Karpeles has been found guilty of falsifying financial records but acquitted of all other charges, including embezzlement. According to Bloomberg, the court has given him a two-and-a-half year suspended sentence, which means he won't have to serve jail time unless he commits another violation within the next four years. Tokyo-based Mt. Gox used to be the biggest cryptocurrency exchange in the world until it lost $500 million worth of bitcoin in 2014 to a cyber heist.
