• Kyodo, Reuters

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Mark Karpeles, head of the collapsed Mt. Gox bitcoin exchange, was released on bail Thursday after his arrest in August 2015 over the alleged theft of ¥341 million of clients’ money.

The Tokyo District Court approved the ¥10 million bail of French-born Karpeles, 31, on Tuesday. He paid the sum on Thursday.

Prosecutors say Karpeles embezzled the funds, transferring ¥341 million of clients’ money to his personal bank account between September and December 2013.

He was suspected of falsifying data on the outstanding balance of the exchange, at one point the world’s largest hub for trading the digital currency.

Karpeles has denied the charges, telling investigators the data falsification was done for the company and he had intended to pay the money back.

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