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Cryptocurrencies

Prosecutors propose 10-year prison term for Mt. Gox's former CEO

Indictment not linked to exchange's loss of $400 million worth of bitcoin

Mark Karpeles Mt. Gox
Mark Karpeles, the former CEO of Tokyo-based bitcoin exchange Mt. Gox, bows to reporters in a press room at a Tokyo court in 2014. (Photo by Ken Kobayashi)
Nikkei staff writers | Japan

TOKYO -- Prosecutors on Wednesday proposed a 10-year prison term for Mark Karpeles, the former CEO of Tokyo-based Mt. Gox, which at one time was the world's largest bitcoin exchange.

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