TOKYO, JAPAN - JANUARY 11: Security guards work outside the Tokyo Detention House on January 11, 2019 in Tokyo, Japan. Former Nissan Motor Co. Chairman Carlos Ghosn was arrested in November last year for financial misconduct and accusations he underreported his compensation between 2011 and 2015 by more than 5 billion yen. Denying any wrongdoing, Ghosn spoke publicly on Tuesday for the first time at the Tokyo district court as his future as head of Renault SA becomes increasingly in doubt. (Photo by Tomohiro Ohsumi/Getty Images)
Tomohiro Ohsumi/Getty Images
TOKYO, JAPAN - JANUARY 11: Security guards work outside the Tokyo Detention House on January 11, 2019 in Tokyo, Japan. Former Nissan Motor Co. Chairman Carlos Ghosn was arrested in November last year for financial misconduct and accusations he underreported his compensation between 2011 and 2015 by more than 5 billion yen. Denying any wrongdoing, Ghosn spoke publicly on Tuesday for the first time at the Tokyo district court as his future as head of Renault SA becomes increasingly in doubt. (Photo by Tomohiro Ohsumi/Getty Images)
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(CNN Business) —  

The man who oversaw the collapse of a giant bitcoin exchange was found guilty Friday of falsifying data but acquitted of other charges, meaning he’s unlikely to go to prison.

French businessman Mark Karpeles was the owner and CEO of Mt. Gox, which was once the biggest cryptocurrency exchange in the world. Based in Japan, the company imploded in 2014 after losing nearly $500 million worth of bitcoin belonging to investors.

Tokyo prosecutors had indicted Karpeles on a series of charges, including embezzlement and aggravated breach of trust, and called for a 10-year prison sentence. But the Tokyo District Court on Friday found Karpeles not guilty of the other charges and handed down a suspended prison sentence for the falsification conviction. The court also ordered him to pay for part of the cost of the trial.