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Reports: Japan arrests bitcoin mogul Mark Karpeles, former Mt. Gox CEO
http://www.dw.com/en/reports-japan-arrests-bitcoin-mogul-mark-karpeles-former-mt-gox-ceo/a-18621324Police have arrested the head of the defunct bitcoin exchange Mt. Gox, according to local media reports. The arrest is reportedly linked to the loss of more than $400 million in bitcoin when Mt. Gox filed for bankruptcy.
Reports: Japan arrests bitcoin mogul Mark Karpeles, former Mt. Gox CEO
01.08.2015
Japanese police on Saturday arrested 30-year-old French citizen Mark Karpeles, the former CEO of the defunct bitcoin exchange Mt. Gox, according to local media reports.
Karpeles' arrest was reportedly linked to the disappearance of around 750,000 bitcoins of the exchange's clients and 100,000 owned by Mt. Gox.
The lost funds in the virtual currency were equivalent to $480 million (436 million euros) at the time of the exchange's bankruptcy filing.
Mt. Gox filed for bankruptcy in February 2014 after reporting that the bitcoins in question had been targeted in a bug in the software underpinning the virtual currency, allegedly allowing hackers the ability to pilfer digital wallets.
