A Japanese high court upholds a lower court's decision that the French head of Mt. Gox, a Tokyo-based bitcoin exchange that went bankrupt after a massive hacking attack, was guilty of manipulating electronic data but not embezzlement.
FILE - In this June 5, 2019, file photo, former Mt. Gox CEO Mark Karpeles attends a news conference at the Foreign Correspondents' Club of Japan, in Tokyo. A Japanese high court on Thursday, June 11, 2020 upheld a lower court’s decision that the French head of Mt. Gox, a Tokyo-based bitcoin exchange that went bankrupt after a massive hacking attack, was guilty of manipulating electronic data but not embezzlement.
TOKYO — A Japanese high court on Thursday upheld a lower court’s decision that the French head of Mt. Gox, a Tokyo-based bitcoin exchange that went bankrupt after a massive hacking attack, was guilty of manipulating electronic data but not embezzlement. The suspended sentence means Karpeles, a French citizen, will not have to serve jail time. He says he is innocent and appealed to clear his name.
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