Former Mt. Gox CEO Mark Karpeles Faces a 10 Years Sentence In Alleged Embezzlement Case

Mark Karpeles, the former chief executive officer of now-defunct Bitcoin exchange Mt. Gox, faces ten years in jail over alleged embezzlement, Japanese media report on Wednesday, December 12. According to a report from Nikkei, prosecutors claimed at the Tokyo District Court that Karpeles used customers’ funds for his own personal use. According to the indictment, […]