Chief of MtGox was indicted

Because of data manipulation and misappropriation of client funds in million higher is the boss of the failed Bitcoin platform, Mark Karpeles, been charged in Japan. Karpeles contrast asserts his innocence.

The in beginning of August in Japan arrested boss of failed Bitcoin platform MtGox, Mark Karpeles, is officially accused of data manipulation and misappropriation of client funds. This was announced by the prosecutor’s office on Friday. The 30-year-old was arrested in early August; pre-trial detention had been extended after three weeks because of new allegations.

MtGox had suspended in February 2014 the exchange of Bitcoins in real currency, a short time later the trading platform went bankrupt. Investigators are trying to elucidate the disappearance of 850,000 Bitcoins last year with a value of 350 million euros. Karpeles should have changed 2013 data on the trading platform and so artificially created one million dollars. In addition, he is 321 million yen have embezzled (2.3 million euros).

Karpeles rejects accusations reportedly. According to him MtGox has become a victim of hacker attacks. He faces five years in prison. The Frenchman has been living several years in Japan and had bought a majority stake MtGox in 2011th

Read more ... source: TheBitcoinNews