Bitcoin
$63,965.14+3.64%
Ethereum
$3,052.84+2.63%
Binance Coin
$557.13+3.16%
Solana
$142.61+5.92%
XRP
$0.51100273+5.25%
Dogecoin
$0.15539268+6.55%
Toncoin
$6.07-9.10%
Cardano
$0.47823627+8.21%
Shiba Inu
$0.00002312+6.49%
Avalanche
$35.07+4.50%
Wrapped Bitcoin
$64,147.50+5.42%
Tron
$0.10973215+1.81%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
00
DAYS
16
HR
14
MIN
21
SEC
Markets

Former CEO of Bitcoin Exchange Mt Gox Re-arrested in Japan

Mark Karpeles, the former CEO of the now defunct bitcoin exchange Mt Gox, has been re-arrested on charges of embezzlement.

By Yessi Bello Perez
AccessTimeIconAug 21, 2015 at 9:09 a.m. UTC
Updated Sep 11, 2021 at 11:50 a.m. UTC
Arrest
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Mark Karpeles, the former CEO of the now defunct bitcoin exchange Mt Gox, has been re-arrested on charges of embezzlement.

According to local media reports

, Tokyo’s Metropolitan Police served Karpeles with a new arrest warrant earlier today. Reports suggesting a re-arrest was a possibility first surfaced yesterday amid claims he had embezzled ¥321m ($2.6m) of customer deposits to fund other personal projects.

As previously reported by CoinDesk, Karpeles has been in custody for the past three weeks – the maximum time period suspects can be detained without being formally charged.

The new arrest warrant will mean Karpeles may now be held in custody for an additional 23 days.

He was first arrested at the beginning of August amid claims he had manipulated volumes on Mt Gox prior to its demise in February 2014.

Arrest image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.