Mt Gox CEO Mark Karpeles Arrested in Japan
Police arrested Mt Gox CEO Mark Karpeles today in Japan on allegations that he manipulated volume on the then-market leading bitcoin exchange platform prior to its 2014 collapse. The formal action from the Tokyo Metropolitan Police follows escalating reports this week that Karpeles was facing criminal charges for fraud and embezzlement, and comes more than a year after Mt Gox first filed for bankruptcy protection in the US and Japan. A report by The Wall Street Journal indicated Karpeles denied he was facing imminent arrest as early as Friday, calling accusations "false" and suggesting....
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Japanese news reports that Mark Karpeles, the infamous CEO of Mt Gox, was released on bail yesterday. The video from News24 Japan says Karpeles was let out after being imprisoned for a year and he was released on a $100,000 bail. Mark Karpeles Posts Bail and Weighs a Lot Less. Mark Karpeles was arrested last year by Japanese authorities for being....
The notorious Mark Karpeles, CEO of Mt Gox, was released on bail yesterday after paying nearly $100,000 prior to being released, according to Japanese media. In 2014, the now-defunct bitcoin exchange, Mt Gox, collapsed after it was reported that it had lost hundreds of millions of dollars in customers bitcoins. Karpeles can’t leave Japan. According to Japanese news outlet, News24, Karpeles paid around $100,000 with the condition that he wasn’t to leave Japan once on bail. Since the collapse of Mt Gox, Karpeles was reportedly arrested twice last year in connection with the investigation....
October 28, 2015, Former Mt Gox CEO Mark Karpeles was re-arrested for suspicious activity involved with moving embezzled funds to his personal accounts. Japanese media reports again the new arrest of the infamous “Magical Tux” as the “CEO of Bitcoin” and supposedly he had quite the run with Prostitutes during his last release time. Tokyo Police arrested Karpeles for moving USD $1 Million in Yen to his bank account a few months ago leading to the 30-year old’s first arrest. The media in Japan went wild as they recorded the Gox CEO covering his face and some called him the person “in charge”....
The major Bitcoin news headline this weekend came in the form of former Mt. Gox CEO Mark Karpeles being arrested in Japan. After Bitcoin exchange Mt. Gox was forced to shut down in 2014 due to “funds being stolen by hackers”, a recovery process for affected customers slowly started taking shape. But it looks like justice will be served sooner rather than later, as Mark Karpeles admitted to misusing customer funds. Bitcoin exchange Mt. Gox, which at one time was the largest digital currency exchange platform in the world, has always been controlled by one individual, named Mark Karpeles.....
In a follow-up to the previous article in which a Japanese source claimed that the Japanese Metro Police Department was looking into additional charges against former Mt. Gox CEO Mark Karpeles for fraudulent system manipulation, sources now confirm that Karpeles has been arrested by Japanese Police. Karpeles is suspected of having accessed the exchange’s computer system and falsifying data regarding its outstanding balance. Mt. Gox Formerly claimed that the balance issue was caused by a bug, but later filed for bankruptcy, losing over 850,000 bitcoins. Since the huge loss, over 200,000....