Mark Karpeles, CEO of the once largest and now insolvent Bitcoin exchange Mt. Gox, has been arrested in Japan. This was reported by the Kyodo news agency on Saturday. The 30-year-old Frenchman is according to the report suspected to have intervened in 2013 illegally and for his own benefit in the computer system of the Exchange. Karpeles lawyer explained that his client denies any wrongdoing.
The Bitcoin exchange Mt. Gox had suspended in February last year the exchange of Bitcoins in real currency, a short time later, the once largest Bitcoin exchange has filed bankruptcy in Tokyo. The incident had raised serious doubts about the safety of unregulated exchanges. The company justified the stop with a software error. Karpeles said at the time a few weeks after the disappearance of the exchange from the Internet that MtGox is therefore a victim of hacker attacks. In addition, it was said that Bitcoins have disappeared in the three-digit million value.
been invented more about
The virtual currency in 2009 was in response to the financial crisis. Created it has an unknown programmer who wanted an independent from governments, central banks and other financial institutions currency. The virtual money is calculated by complex procedures, the exchange rate to real currencies varies greatly. Bitcoins are mainly used for payments on the Internet to use.
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