Mt Gox CEO charged with embezzling £1.7m worth of bitcoin

The former head of defunct bitcoin exchange Mt Gox, Mark Karpelès, has been charged with embezzlement by Japanese prosecutors, according to reports from the Japanese media. Karpelès is alleged to have embezzled ¥321m (£1.7m) from the bitcoin exchange, which collapsed in 2014 after revelations of a massive shortfall in customer funds. He is alleged to have transferred money from Gox’s bank account to other accounts in October 2013, where it was mainly spent on...
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