CoinSpeaker Mt. Gox CEO Mark Karpelès to Spend 10 Years in Prison for Bitcoin Embezzlement
On Friday, Mark Kapelès, the CEO of now-defunct cryptocurrency exchange Mt. Gox is facing a litmus test. The Tokyo court will announce its verdict as Karpelès is most-likely to face a 10-year jail term on charges of Bitcoin embezzlement. Also, Karpelès is facing charges of manipulating exchange data and siphoning $3 million of client’s funds to his own account.