Solving the world's largest bitcoin heist
"Imagine someone stole everything in your store and you reported the crime to the police," says Nobuyasu Ogata, defense lawyer for Mark Karpeles. Karpeles, 33, is the former CEO of Mt. Gox, once the largest bitcoin exchange in the world. "A year later," Ogata says, ...
Mark Karpeles gets a suspended term for data manipulation related to the scandalous disappearance of 850,000 bitcoins in 2014 but is found not guilty of embezzlement.
Prosecutors have sought a 10-year prison term on charges of embezzlement for the former CEO of Mt. Gox Co., once the world's largest bitcoin digital currency exchange, officials announced Wednesday. Prosecutors told the Tokyo District Court that Mark Karpeles, 33, "diverted company funds for such ...
Bitcoin's surge little comfort for burned Mt. Gox clients in international legal limbo
When Mt. Gox, the world's largest bitcoin trading exchange, collapsed in early 2014, more than 24,000 customers around the world lost access to hundreds of millions of dollars' worth of cryptocurrency and cash. More than three years later, with the price of bitcoin skyrocketing to ...
Bitcoin exchange operator arrested amid new questions about Mt. Gox theft
Ever since Tokyo-based bitcoin exchange Mt. Gox filed for bankruptcy in February 2014, investigators have been puzzled by the disappearance of virtual currency worth hundreds of millions of dollars from its digital vaults. Mt. Gox, which claimed it once hosted around 80 percent of bitcoin ...
Honesty is the best policy for lost property
Last month, I withdrew some money — ¥100,000 to be precise — from an ATM near Tokyo's Shibuya Station. I was on my way to a meeting and was in such a hurry that, while remembering to grab my bank card and receipt, I completely ...
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 ...
Prosecutors file charges against ex-CEO of Mt. Gox bitcoin exchange
Prosecutors have filed charges against Mark Karpeles, the former head of defunct bitcoin exchange Mt. Gox, accusing him of stealing ¥321 million ($2.7 million) of clients' money. The French-born Karpeles, 30, was arrested last month in connection with the disappearance of hundreds of millions of ...
Further arrest warrant served on Mt. Gox CEO over bitcoin scandal
Tokyo police served another arrest warrant on the chief executive officer of the bankrupt Mt. Gox Co. bitcoin exchange on Friday, suspecting he embezzled some ¥321 million ($2.6 million) worth of funds entrusted by clients. Mark Karpeles, 30, who was arrested earlier this month on ...
Mt. Gox CEO to be served new arrest warrant over suspected embezzlement of client funds
Police are to serve a fresh arrest warrant on the chief executive officer of the bankrupt Mt. Gox Co. bitcoin exchange on Friday, investigative sources said. Mark Karpeles is suspected of embezzling clients' funds totaling ¥321 million. Karpeles was arrested earlier this month on suspicion ...
Bitcoins lost in Mt. Gox debacle 'not subject to ownership' claims: Tokyo court
The Tokyo District Court on Wednesday dismissed a lawsuit by a man seeking repayment for bitcoins he kept in an account at the bankrupt exchange Mt. Gox Co., with the ruling saying the virtual currency is "not subject to ownership" claims. Last June, the Kyoto ...
Bitcoin exchange Mt. Gox Co. apparently ran out of money six months before it announced in February 2014 that it was filing for bankruptcy after tens of millions of dollars worth of the virtual currency and client funds disappeared, investigative sources said Tuesday. The Tokyo-based ...
