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 by him. Also read: Bitcoin Exchange […]
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