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 ...
The head of Mt. Gox, once the world's largest exchange for bitcoin digital currency, denied embezzling hundreds of millions of yen from its customers as his trial began Tuesday in Tokyo. Appearing at the Tokyo District Court, Mark Karpeles, the 32-year-old French-born CEO of the ...
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 ...
When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency. The cybertheft — the second largest by an exchange since hackers took roughly $350 million in bitcoins at Tokyo's ...
Bitcoin operators are keenly watching the Diet as it deliberates bills to regulate the currency, believing the legislation is key to regaining the public trust's in the virtual tender and luring more players to the industry. The bitcoin phenomenon fell under a cloud following the ...
The Cabinet on Friday approved a set of bills to help banking groups expand their information technology businesses and to recognize virtual currencies as having a function similar to real money. Under the revised banking bills, bank-holding companies will be able to acquire IT-related ventures. ...
A Texas man pleaded guilty to defrauding people out of $4.5 million in what the U.S. said was a first-of-its-kind Ponzi scheme involving investments in the virtual currency bitcoin. Trendon Shavers, 33, founder of Bitcoin Savings and Trust, raised at least 764,000 bitcoins by promising ...
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 ...
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 ...
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 ...
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 ...
