• Kyodo


Prosecutors have sought a 10-year prison term on charges of embezzlement for the former CEO of Mt. Gox Co., once the world’s largest bitcoin digital currency exchange, officials announced Wednesday.

Prosecutors told the Tokyo District Court that Mark Karpeles, 33, “diverted company funds for such uses as investing in a software development business for personal interest” and “played a great role in totally destroying the confidence of bitcoin users.”

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