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MtGox chief Mark Karpeles arrested in Japan

  • Police in Japan have arrested Mark Karpeles, the chief executive of MtGox, a company which was once a key player in the exchange of the virtual currency bitcoin.

    The company filed for bankruptcy in 2014.

    The 30-year-old Karpeles was detained in connection with the loss of $387 million worth of bitcoins last year. He allegedly falsified data on the firm’s outstanding balance.  

    A lawyer acting on his behalf has reportedly denied that his client was involved in any legal wrongdoing. 

     

      

    Tagged as: Mark Karpeles, chief executive, MtGox, virtual currency, bitcoins, bankruptcy, business news