Mark Karpelès, the disgraced former CEO of defunct bitcoin exchange Mt. Gox, faces ten years in prison as a Tokyo court prepares to hand down a verdict on embezzlement charges this Friday. Karpelès is accused of syphoning $3 million of client money to his own accounts and faking exchange data. The 33-year-old maintains his innocence on all counts. If convicted, it will be an explosive end to the Mt. Gox saga. Bitcoin’s most notorious exchange lost 850,000 bitcoins (worth $500 million) and filed for bankruptcy in 2014. The collapse of the world’s largest crypto exchange at the time caused the

The post Breaking: Mark Karpelès Faces Bitcoin Embezzlement Verdict on Friday, Faces 10 Years in Prison appeared first on CCN

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