Japanese prosecutors are seeking a 10-year sentence for Mark Karpeles, the former chief executive officer of now-bankrupt bitcoin exchange Mt. Gox.
According to a report from The Mainichi on Wednesday, prosecutors claimed at the Tokyo District Court that Karpeles used customers’ funds for his own personal use.
He reportedly transferred 341 million yen (or $3 million) of customers' money kept in an Mt. Gox bank account to his personal account during September–December 2013, according to a court indictment. They cash, they said, was taken for uses such as "investing in a software development business for personal interest."