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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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Bitcoin Exchange CEO Mark Karpeles Arrested In Japan
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Croll's Query:
If tin whistles are made of tin, what are foghorns made of?
(Score: 4, Interesting) by Hairyfeet on Sunday August 02 2015, @04:51AM
I would argue he was arrested precisely because it was NOT a bank and the cartels feel threatened by BC. Just look at the insane amount of "BC is nothing but drug/pedo money laundering" we've seen the past couple years from the MSM, no different than Monsanto puppets labeling anybody that even ASKS for a label on their food as dangerous quacks, or how much the big tobacco lobbyists have spent getting the MSM to label ecigs the next reefer madness and trying to get laws passed against them, despite several studies showing they help users quit which is what the government SAYS that they want.
If there is one thing we should have learned the past decade its that the established cartels don't like competition and when you have that level of money? Getting laws passed and groups targeted is just a phone call away. He will be made an example of, with the MSM propaganda using it to run yet another round of "BC is evil and shady for scumbags, trust in the banks" hit pieces. While I have no stake in BC after Manning and Snowden I've started paying attention and the amount of staying "on message" by the MSM is just insane, it reminds me of the old Airplane joke "4 alarm fire makes way for glorious new tractor factory!" in how pro establishment the spin is.
ACs are never seen so don't bother. Always ready to show SJWs for the racists they are.