Bitcoin prices up 1.4 percent in last week Mt Gox founder serving 2.5 years suspended sentence Participation picks up, BTC could print higher in days ahead.
Mark is a free man, and despite heavy losses ordinary investors had to shoulder, a Japanese court remained lenient. All the same, it appears as if Bitcoin prices are on a recovery path and it is what investors want to see.
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After four years of investigation, it was time for Mark Karpeles to face the law. Appearing before a Japanese court, Mark met a lesser charge of data manipulation and not that of embezzling millions of dollars through his exchange, Mt Gox.
According to Mark lawyers, it was not the action of his acts that contributed to the final collapse. They argue that Mark did everything he could to prevent the exchange from folding up and sometimes using his funds to prop the exchange. Besides, even after the hack, the Frenchman stayed in Japan.
To that end, he will receive a two and a half year suspended sentence. However, should he flout any rules within this time, he will be liable for a four year jail time. Mt Gox hacking