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 Tokyo District Court last year sentenced Mark Karpeles to two years and six months in prison, suspended for four years. Karpeles, a French citizen, will not have to serve jail time.
He says he is innocent and appealed to clear his name. He said he was not yet sure what he would do next. Karpeles has insisted he did not pocketed client funds that went missing when Mt.