Founder of Mt. Gox Bitcoin Exchange Arrested in Japan
The CEO of failed Bitcoin exchange company Mt. Gox has been arrested by the Japanese police and is currently being held in connection with the loss of bitcoins worth $387 million. Mark Karpelès, former founder and CEO of Japanese-based bitcoin exchange Mt. Gox, once the biggest bitcoin exchange in the world has been arrested in Japan by the country's police on suspicion on inflating his account by a million dollars. Japanese police arrested Karpelès, 30, alleging that he manipulated the collapsed company's computer systems in February 2013 to increase the cash balance in an account owned....
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Four alleged masterminds of the “Oz Project” have been arrested after duping investors across Japan for at least four years. According to investigators, the scheme raked in $55 million from about 20,000 investors, promising 2.5 times returns in four months. Police in Aichi Prefecture, Japan, said Monday that four men have been arrested for defrauding investors in a cryptocurrency investment scheme called the “Oz Project.” The police said the group had amassed at least 6 billion yen (approximately $55 million). According to local media, the number of victims is....
Everyone in the Bitcoin community knows Japan has been a hub of activity. The largest Bitcoin exchange, Mt.Gox, was stationed in Japan until it collapsed and its CEO, Mark Karpelès, was arrested. But not everything in Japan related to Bitcoin has been negative. Nor have these incidents stopped the growth of Bitcoin. The Land of the Rising Sun has indeed....
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....
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....
Mark Karpeles, the former CEO of the now defunct bitcoin exchange Mt Gox, has been re-arrested on charges of embezzlement. According to local media reports, Tokyo's Metropolitan Police served Karpeles with a new arrest warrant earlier today. Reports suggesting a re-arrest was a possibility first surfaced yesterday amid claims he had embezzled ¥321m ($2.6m) of customer deposits to fund other personal projects. As previously reported by CoinDesk, Karpeles has been in custody for the past three weeks - the maximum time period suspects can be detained without being formally charged. The new....