Japanese police have arrested the CEO of the failed company MtGox, which was once the world's biggest exchange of the virtual currency, bitcoin.

Mark Karpeles, 30, is being held in connection with the loss of bitcoins worth $387m (£247m, €351m) last February.

He is suspected of having accessed the exchange's computer system to falsify data on its outstanding balance.

MtGox claimed it was caused by a bug but it later filed for rest article here

http://www.rollinggist.com/2015/08/bitcoin-chief-arrested-in-japan.html

Japanese police have arrested the CEO of the failed company MtGox, which was once the world's biggest exchange of the virtual currency, bitcoin.

Mark Karpeles, 30, is being held in connection with the loss of bitcoins worth $387m (£247m, €351m) last February.

He is suspected of having accessed the exchange's computer system to falsify data on its outstanding balance.

MtGox claimed it was caused by a bug but it later filed for rest article here

http://www.rollinggist.com/2015/08/bitcoin-chief-arrested-in-japan.html[/quote]

binoosmart:

Japanese police have arrested the CEO of the failed company MtGox, which was once the world's biggest exchange of the virtual currency, bitcoin.

Mark Karpeles, 30, is being held in connection with the loss of bitcoins worth $387m (£247m, €351m) last February.

He is suspected of having accessed the exchange's computer system to falsify data on its outstanding balance.

MtGox claimed it was caused by a bug but it later filed for rest article here

http://www.rollinggist.com/2015/08/bitcoin-chief-arrested-in-japan.html

but bitcoin is not an illegal currency in japan. may be the owner of Silk Road and the guy are working together, arrested almost the same time. am certain bitcoin will continue to exist.