Share this article
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.
Updated Sep 11, 2021, 11:52 a.m. Published Sep 11, 2015, 1:30 p.m. 1 min read
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.
More For You
Realized cap stabilization, historically elevated RHODL readings and deeply negative funding rates all point toward a potential cycle low for bitcoin forming earlier this year.
What to know:
- Multiple onchain and derivatives indicators suggest bitcoin probably established a cycle low during February’s sharp selloff toward $60,000.
- Realized cap has stabilized near $1.08 trillion after heavy wealth destruction, mirroring accumulation patterns seen during previous bear-market bottoms.
- Bitcoin perpetual funding rates remained deeply negative for months, a historically reliable signal...
Top Stories
