Menu
Mt. Gox CEO Karpeles arrested by Japanese police

Mt. Gox CEO Karpeles arrested by Japanese police

CEO is suspecting of illegally altering financial data

Mark Karpeles, the former head of failed Bitcoin exchange Mt. Gox, still has plans for the digital currency.

Mark Karpeles, the former head of failed Bitcoin exchange Mt. Gox, still has plans for the digital currency.

The CEO of failed Bitcoin exchange Mt.Gox was arrested in Japan early Saturday by police, according to several media reports.

Mark Karpeles faces charges related to the loss of 650,000 bitcoins worth hundreds of millions of U.S. dollars when the Tokyo-based trading exchange collapsed in February 2014.

Karpeles, a French citizen, is suspected of accessing the company's computer systems and falsifying financial data, according Japan's Kyodo News.

Japanese broadcaster NHK showed video of a man that appeared to be Karpeles being led to a car by police in a residential district of Tokyo. The TV station said the footage was recorded around 6:40am Saturday, or Friday afternoon U.S. time.

The Tokyo Metropolitan Police Department has been investigating the collapse of Mt. Gox for more than a year.

Martyn Williams covers mobile telecoms, Silicon Valley and general technology breaking news for The IDG News Service. Follow Martyn on Twitter at @martyn_williams. Martyn's e-mail address is martyn_williams@idg.com


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags internetMt. Gox

Featured

Slideshows

Tech industry comes out in force as Lancom turns 30

Tech industry comes out in force as Lancom turns 30

A host of leading vendors and customers came together to celebrate the birthday of Lancom Technology in New Zealand, as the technology provider turned 30.

Tech industry comes out in force as Lancom turns 30
The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Show Comments