Founder of MtGox Receives Suspended Jail Sentence

Founder of MtGox Receives Suspended Jail Sentence

The founder of MtGox bitcoin exchange, Mark Karpeles have received a suspended jail sentence of two and a half years. The cryptocurrency exchange MtGox was shut down during the year 2014 after approximately 850,000 bitcoins (worth half a billion dollars at that time) disappeared from its virtual vaults. This has led to dented confidence in the security of bitcoin among the public.

Leave a Reply

Your email address will not be published. Required fields are marked *