Bitcoin Exchange Operator Mark Karpeles to Be Arrested

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Japanese authorities will be arresting Mark Karpeles, former CEO of Mt. Gox, at one time the largest Bitcoin exchange in the world. Investigators claim that Karpeles played the system for years, skimming bitcoins while the exchange was actually in debt. It is now commonly believed that the exchange may have been broke since as early as 2011, but always managed to appear as if things were being done properly. The Japanese government is charging Karpeles with cooking the books, using fake accounts to fill orders, fraudulently skimming funds in the process. Following the independent report from earlier this year which […]

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