Mt Gox Bitcoin exchange’s Karpeles avoids jail time in Japan

Yuri Kageyama reports:

Mark Karpeles, who headed Mt. Gox, a Tokyo-based bitcoin exchange that went bankrupt after a massive hacking, was found guilty Friday of manipulating electronic data but cleared of embezzlement and breach of trust charges.

The Tokyo District Court handed down a prison sentence of two years and six months, suspended for four years, meaning Karpeles will not have to serve jail time.

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