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.

Aug 21, 2015 at 9:09 a.m. UTC
Updated Sep 11, 2021 at 11:50 a.m. UTC

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

, 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

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

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

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
Market Wrap: Cryptos and Stocks Mixed Amid Bearish Sentiment

BTC is stabilizing around $30K while stock market volatility begins to fade.

BTC is stabilizing around $30K while stock market volatility begins to fade.

2
New Data Shows Underground Bitcoin Mining Thriving in China

The U.S. has also expanded its lead in the global hashrate competition.

The U.S. has also expanded its lead in the global hashrate competition.

3
Bitcoin sube a $30K, con una resistencia en $35K

BTC está en camino de registrar una señal de impulso positivo en el gráfico diario.

BTC está en camino de registrar una señal de impulso positivo en el gráfico diario.

4
Ledger Adding Browser Extension to Connect Hardware Wallets to Web 3 Apps

Ledger Connect is launching in beta and will initially be compatible with the Ledger Nano X and Mobile Safari.

Ledger Connect is launching in beta and will initially be compatible with the Ledger Nano X and Mobile Safari.