Tokyo Police Will Be Investigating Missing Mt. Gox Bitcoins
The Tokyo Metropolitan Police Department is reportedly actively investigating the disappearance of a large volume of bitcoins from the Mt. Gox exchange, which collapse disastrously earlier this year. "We decided to launch an investigation as we concluded this case could be connected to criminal activity," a spokesperson for the Tokyo Police said on the matter, according to the Wall Street Journal. When the exchange collapsed, Mt. Gox noted in bankruptcy protection filings that they estimated to have lost upwards of 800,000 bitcoins, worth hundreds of millions of dollars. Several weeks....
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I have, like many others, written extensively about the Mt Gox debacle and the missing bitcoins. Too many questions lie unanswered and seem to be most likely to remain unanswered. Jonathan Keane, writing today on VPN Creative has stated that: Tokyo Metropolitan Police have finally launched an official investigation into the collapse of Mt Gox and the question of the missing bitcoins, abet, several months after the event. Mark Karpeles, the CEO of Mt. Gox, has claimed that a series of alleged hacking attacks led to the Bitcoin exchange, once the World's biggest, losing an alleged 850,000....
The Tokyo Metropolitan Police Department has launched an official investigation into possible illicit activity surrounding the closure of Japan-based bitcoin exchange Mt. Gox. The news comes roughly five months after the bitcoin exchange reported it lost roughly744,400 BTC - then about $350m in customer funds, and about one month since Mt. Gox was approved for its Chapter 15 bankruptcy in the US. A spokesperson for the police department told The Wall Street Journal: "We decided to launch an investigation as we concluded this case could be connected to criminal activity." Tokyo police told....
The joint Japanese and American government investigation into the whereabouts of supposedly stolen Mt. Gox bitcoins has announced a key discovery. The Japan News, Japan's largest English language newspaper, is reporting that fraud is the cause of the "disappearance of 99% of Mt. Gox bitcoins." According to sources in the Metropolitan Police Department (MPD), only about 7,000 Gox bitcoins were lost due to cyber-attacks. The remaining 99% of the missing 650,000 bitcoins is "highly suspected" of disappearing during a period when Mt. Gox was being fraudulently run by an unknown party. Also....
Local news sources are reporting that the Tokyo Metropolitan Police will arrest Mark Karpeles on 1st August in connection with its investigation. A representative for the Tokyo police was not available for comment. The Tokyo Metropolitan Police is reportedly pursuing criminal charges against Mark Karpeles, CEO of the now-defunct, Japan-based bitcoin exchange Mt Gox. Domestic news service Nikkei reported on 31st July that, according to an official with the city's police force, Karpeles is being investigated for allegedly using dummy exchange accounts with fictitious bitcoin balances to meet....
Mt Gox's missing bitcoins were stolen from the exchange over a period of time beginning in 2011, according to a new report released today by a group investigating its collapse. They were gone long before the company's collapse in February 2014, the report said. Gox had therefore been operating on a fractional reserve basis for most of that time, either knowingly or unknowingly. The stolen bitcoins had been withdrawn and sold off on various exchanges including Mt Gox itself, and given the timing probably at prices far below the 2013-14 highs. Tokyo-based bitcoin security firm WizSec, which....