Tag: arrest

Mark Karpeles Arrested for Lost Coins

Recently, Japanese police arrested Mark Karpeles on the suspicion Karpeles falsified computer data regarding the outstanding balance of MtGox. MtGox, headed by Karpeles, was the first and largest Bitcoin exchange prior to its shut down. The exchange, which was first intended to be┬áMagic: the Gathering Online Exchange (MtGOX), accounted for 80% of all Bitcoin transactions prior to folding in February of 2014. The exchange shut down after allegedly losing 850,000 …
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