Mt. Gox’s Mark Karpelès could avoid prison, despite faking financial records

Mar15

by Sindy Cator on March 15, 2019 at 10:36 am

Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork

Mark Karpelès, the head of defunct cryptocurrency exchange Mt. Gox, has been found guilty of tampering with financial records, but thanks to a suspended sentence will probably avoid prison. Today, some five years after being ransacked by hackers, a Japanese court found Karpelès combined his personal finances with user funds kept on Mt. Gox in a bid to obfuscate the losses. He was handed a 33-month suspended sentence, Bloomberg reports. The Tokyo District Court also found the Frenchman ‘not-guilty’ of embezzlement, after it decided he had committed those crimes without ill intent. Mt. Gox was once the world’s most popular cryptocurrency exchange. It…