The former CEO of the first large bitcoin exchange , which was hacked for $ 350 million worth of bitcoin in 2014, today was guilty of tampering with financial records. Mark Karpeles was given a sentence of two and a half years at the Tokyo District Court for his role in the Mt. Gox fiasco
Long time Bitcoin supporter and Bitcoin Cash figurehead, Roger Ver is now stranger to Mt. Gox. When the exchange first encountered security issues in 201
In an interview with Decrypt, Ver-who held a "life-changing amount of bitcoins" on the exchange when it was hacked — argued that Karpeles failed to keep the exchange secure.
"Mark is responsible for not doing a good enough job protecting the funds from the hackers, "said Ver, adding that, despite Karpeles' liability, it was the hackers who were actually responsible for stealing the funds.
Karpeles was given a suspended sentence which means he won't go to prison. unless he commits another violation within the four years specified. Ver — who once spent months in prison for illegally selling fireworks — said that jail is suited for “those who are physically dangerous to others,” which presumably doesn't include Karpeles.
Leading up to the conviction, Karpeles was held in a Japanese prison for 12 months where he says he was interrogated for 50 days in a row, with sessions loading up to eight hours at a time. Far was adamant this should not have happened, stating, "I think people should be punished AFTER they are convicted, not before" (emphasis his).
Far is also a strong supporter of Ross Ulbricht who was jailed in May, 2015 , and given five sentence with a total of 40 years, two of them for life. Far has campaigned for Ulbricht to be a friday from prison. However, he did not think that – even if Karpeles had gone to prison – the same support should apply to him. In Ulbricht's case, said he was not aware of even a single victim, whereas with Mt. Gox, "There were a huge number of victims across the world." Perhaps, with Mt. Gox now wrapped up, Ver and its other victims may finally get their coins back.