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

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

Karpeles, a 33-year-old Frenchman, was arrested in August 2015, and suspected of taking money from his clients. He said he was innocent, arguing he did not pocket the money that got lost at his exchange.
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