MtGox CEO Arrested Amidst Suspicion Surrounding Missing Bitcoin

Mark Karpeles Arrest -- Asahi Japan

On August 1st, Mark Karpeles, CEO of the bankrupt MtGox Bitcoin exchange, was arrested by Tokyo Police, NHK World News reported. Police currently suspect Karpeles knows what happened to the approximately 650,000 Bitcoins and also manipulated the MtGox computer system.

MtGox ceased operations in February 2014, reporting that hackers were responsible for all missing funds. In November, the Kraken Bitcoin Exchange was selected to aid in MtGox creditor claims. In April, Kraken began accepting creditor claims.

Since the shutdown and throughout claim submissions, there’s been an ongoing investigation by Tokyo Police into what really happened to missing funds.

According to NHK World News, Police say most of MtGox’s Bitcoins were sent to another account.

Source

via Latest Bitcoin News | Crypto News | Mining Reviews – Bitcoins Channel http://ift.tt/1KJyDUs

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s