Former Mt. Gox CEO Mark Karpeles Given Suspended Sentence

in news •  last month

Mark Karpeles, former CEO of now defunct crypto exchange Mt. Gox, was given a suspended sentence in a Japanese trial for his involvement in the exchange's failing.


He was found guilty in the Tokyo District Court on just one charge of producing illegal records and given a suspended sentence.

People who held money on the exchange when it failed lost millions of dollars.

Billionaire Brock Pierce recently claimed that he had a legitimate ownership interest in the remaining assets of Mt. Gox, but Karpeles refuted that claim.

Pierce seeks a full rehabilitation of Mt. Gox, with full distribution of all assets to creditors, along with a share in the new Mt. Gox. Karpeles has publicly vowed to fight any plan by Brock Pierce.

Karpeles still faces civil suits from investors in the US.


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