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.
Read more on Boston25.