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Prosecutors File Charges Against Former CEO of Mt.Gox Bitcoin Exchange

Submitted by jhartgen@abi.org on

Japanese prosecutors have filed charges against Mark Karpeles, the former head of defunct bitcoin exchange Mt. Gox, accusing him of stealing $2.7 million of clients' money, Reuters reported. The French-born Karpeles was arrested last month in connection with the disappearance of hundreds of millions of dollars worth of the virtual currency. The charges, which were filed on Friday, said that Karpeles embezzled a total of 321 million yen ($2.66 million) by transferring clients' funds deposited at Mt.Gox's bank account to other accounts. Karpeles was suspected of falsifying data on the outstanding balance of the exchange, at one point the world's largest hub for trading the digital currency, Japanese media reported at the time of his arrest.