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posted by janrinok on Saturday August 01 2015, @05:13PM   Printer-friendly
from the just-a-few-questions-sir dept.

According to Reuters the former CEO of the collapsed Bitcoin exchange Mt. Gox, Mark Karpeles, has been arrested:

Mark Karpeles, the former head of defunct bitcoin exchange Mt. Gox, was arrested on Saturday in connection with the disappearance of hundreds of millions of dollars worth of the virtual currency, Japanese media reports said.

The French-born Karpeles, 30, is suspected of falsifying data on the outstanding balance of the exchange, at one point the world's largest hub for trading the digital currency, they added.

Police were unable to immediately confirm the reports.

The story is also covered at International Business Times, The New York Times and The BBC.


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  • (Score: 0) by Anonymous Coward on Saturday August 01 2015, @11:08PM

    by Anonymous Coward on Saturday August 01 2015, @11:08PM (#216881)

    The ones who made BTC didn't do a damn thing. What would they be charged with?

  • (Score: 1, Insightful) by Anonymous Coward on Saturday August 01 2015, @11:20PM

    by Anonymous Coward on Saturday August 01 2015, @11:20PM (#216887)

    Fraud. BTC is just one large ponzi scheme, they make money by tricking people into buying a worthless currency.

    • (Score: 0) by Anonymous Coward on Sunday August 02 2015, @12:34AM

      by Anonymous Coward on Sunday August 02 2015, @12:34AM (#216900)

      That's a pretty dangerous definition of "fraud", because it could be used to convict anyone who comes up with new technologies that you deem have failed.

      • (Score: 0) by Anonymous Coward on Monday August 03 2015, @02:06AM

        by Anonymous Coward on Monday August 03 2015, @02:06AM (#217184)

        It's not a dangerous definition of fraud. It's been like that for ages. People had been pumping the crap out of the pseudo-currency to get paid, the profits came from luring people into the currency and they could then cash out.

        It's fundamentally no different than a standard ponzi-scheme except it involves computers

    • (Score: 0) by Anonymous Coward on Sunday August 02 2015, @03:44PM

      by Anonymous Coward on Sunday August 02 2015, @03:44PM (#217030)

      The ones committing fraud are the ones committing fraud. The creators of a tool have no control over how its used. Your argument is analogous to arguing that firearm and bullet manufacturers should be locked up for murder because the tools they created were used for murder.