Mt Gox CEO Mark Karpeles Charged With Embezzlement

Mark Karpeles, the CEO of bitcoin exchange Mt Gox, has been charged with embezzlement, according to reports.

AccessTimeIconSep 11, 2015 at 1:30 p.m. UTC
Updated Sep 11, 2021 at 11:52 a.m. UTC

Mark Karpeles, the CEO of failed bitcoin exchange Mt Gox, has been charged with embezzlement by Japanese prosecutors.

Reports suggest Karpeles remains in the custody of Japanese police but has the option to request his release from the court while he awaits trial.

The news comes after Karpeles was re-arrested in Tokyo at the end of August on allegations that he had embezzled ¥321m ($2.6m) from the company to fund his own personal projects.

Karpeles was first arrested in Tokyo on 1st August amid allegations that he had manipulated volume on the now defunct bitcoin exchange.

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