Mark Karpeles, former CEO of the infamous bitcoin exchange Mt. Gox, may spend up to 10 years in prison for embezzlement.
Prosecutors at the Tokyo District Court sought a 10-year sentence for Karpeles on December 12, citing how the 33-year-old used Mt. Gox for personal investments. Prosecutors also told the court Karpeles “played a great role in totally destroying the confidence of bitcoin users.”