Author: Yogita Khatri / Source: CoinDesk
Mark Karpeles, former CEO of the long-defunct bitcoin exchange Mt. Gox, has been found guilty and given a suspended sentence of two years and six months.
According to a report from The Wall Street Journal on Friday, the Tokyo District Court found Karpeles guilty of wrongfully making electronic records connecting to Mt. Gox’s books, but innocent on charges of embezzlement and breach of trust.
However, Karpeles will be suspended for four years, meaning he won’t do time in jail if staying on good records in the next four years.
The court’s verdict comes almost five years after Mt. Gox filed for liquidation in April 2014 after claiming to have been hacked for 850,000 bitcoin, some of which was later found.
According to the WSJ report, Karpeles’ lawyers wrote in their final…