Boss of Mt Gox remains in custody

In February 2014 the Bitcoin platform Mt. Gox failed, in early August was the French Chef of the platform, Mark Karpeles, who is living in Japan , arrested. He is said to have manipulated data and misappropriated client funds.

The in beginning of August arrested chief of failed Bitcoin platform Mt. Gox, Mark Karpeles, remains in pretrial detention in Japan. The Japanese police decided to keep him in custody. He is accused in the meantime not only data manipulation, but also misappropriation of funds of its customers in the amount of 321 million yen (2.3 million euros). According to reports, the Frenchman is said to have spent a large part of the sum for software licenses – but also for a luxury bed worth 43,000 euros.

The 30-year-old was arrested in early August. With the extension of pre-trial detention, the investigators now have 20 additional days, to clarify about the failure of Mt. Gox, which brought thousands of investors out of their money. Mt. Gox had suspended in February 2014 the exchange of Bitcoins in real currency, a short time later the trading platform went bankrupt. The investigators are currently trying the disappearance of 850,000 Bitcoins last year with a value of $ 480 million then educate. Karpeles should have changed 2013 data on the trading platform and so artificially created one million dollars. Now he is also suspected of embezzling 321 million yen as a police representative AFP confirmed.

Karpeles rejects accusations reportedly. According to him, Mt. Gox has become a victim of hacker attacks. The Frenchman faces five years in prison. Karpeles lived for several years in Japan and had bought a majority stake in Mt. Gox in 2011th

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