Mt Gox head convicted of manipulating information, cleared of theft

TOKYO — Mark Karpeles, who headed the Tokyo-based bitcoin alternate Mt. Gox, which went bankrupt after it was hacked, has been discovered responsible of manipulating digital information however cleared of embezzlement and breach of belief expenses.

The sentence handed down Friday of two years and 6 months, suspended for 4 years, means Karpeles won’t should serve time in jail.

Karpeles, arrested in August 2015, was accused of taking cash from his shoppers. He stated he was harmless, arguing he didn’t pocket the cash that was misplaced by his alternate.

Prosecutors had demanded 10 years in jail.

Karpeles, showing in courtroom in a go well with, listened quietly to the decision.

His case drew international consideration, coming at a time when cryptocurrencies have been nonetheless comparatively new.

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