Head of Failed Japan-based Bitcoin Exchange Mt. Gox Arrested

The head of the failed Japan-based bitcoin exchange Mt. Gox was arrested in Tokyo Saturday on suspicion of inflating his cash account by $1 million, authorities said. Mark Karpeles, 30, is suspected of accessing the exchange's computer system in February 2013 and inflating his account, Japanese police said. If found guilty, the France-born Karpeles could face up to five years in prison, or a fine of up to 500,000 yen ($4,000). Karpeles' lawyer said his client denies wrongdoing,...

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