IPFS News Link • World News
The CEO of collapsed bitcoin exchange MtGox has been arrested in Japan
• http://www.businessinsider.com, AFPKarpeles, 30, is suspected of having accessed the computer system of the exchange and falsifying data on its outstanding balance, Kyodo News and public broadcaster NHK said.
The global virtual-currency community was shaken by the shuttering of MtGox, which froze withdrawals in February 2014 because of what the firm said was a bug in the software underpinning Bitcoin that allowed hackers to pilfer them.
The exchange filed for bankruptcy protection soon after, admitting it had lost 850,000 coins worth 48 billion yen ($387 million) at the time.
Karpeles later said he had found some 200,000 of the lost bitcoins in a "cold wallet" -- a storage device such as a memory stick that is not connected to other computers.
Bitcoins are generated by complex chains of interactions among a huge network of computers around the planet and are not backed by any government or central bank.