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Cyber Security

Mt.Gox Bitcoin Exchange CEO Arrested by Japanese Police

Mark Karpeles, the former CEO of the collapsed Mt.Gox, was arrested by Tokyo Police in connection with the disappearance of Bitcoins worth ..247million. Police believe he accessed the computer system of the Bitcoin exchange and manipulated the outstanding balance to cover up fraudulent transactions. If found guilty, he could face up to five years in jail or a fine of up to 500,000 yen (..2,650) Police can hold a suspect without charge for up to three weeks under Japan’s criminal justice system.

Source: https://thehackernews.com/2015/08/mtgox-bitcoin-exchange.html

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