Tokyo prosecutors on Wednesday demanded a 10-year jail term for the former head of collapsed bitcoin exchange MtGox, local media reported. France-born Mark Karpeles, 33, faces charges that he fraudulently manipulated data and pocketed millions of dollars‘ worth of the virtual currency. The Tokyo-based exchange — once the
Tokyo prosecutors on Wednesday demanded a 10-year jail term for the former head of collapsed bitcoin exchange MtGox, local media reported.
France-born Mark Karpeles, 33, faces charges that he fraudulently manipulated data and pocketed millions of dollars‘ worth of the virtual currency.
The Tokyo-based exchange — once the world’s biggest bitcoin exchange — collapsed in 2014 after cryptocurrency worth half a billion dollars disappeared from its virtual vaults, a mystery that remains unsolved.
Karpeles faces charges that he embezzled about 340 million yen ($3 million) and altered other data related to MtGox, and went on trial in the case last July.
