' King Bitcoin ' Mark Karpeles why arrest ?


SUBMITTED BY: taurus

DATE: July 19, 2016, 8:38 a.m.

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  1. Mark Karpeles , CEO Mt.Gox Bitcoin exchanges , Japanese police arrested on 1/8
  2. The reason for the arrest was Mark Karpeles has manipulated accounts leading to damage the prestige of the Bitcoin .
  3. According to sources from the police department , Mark Karpeles suspect had two hits virtual currency trading system and edit the data in the computer system of the company illegally .
  4. Specifically , Japanese police suspect Mark Karpeles has increased account balances up to 1 million USD .
  5. If this suspicion is proven , Mark Karpeles will face 5 years in jail and fines of 500,000 yen .
  6. Next to that , information from police , said they would continue to investigate whether the value of the currency Bitcoin can be inflated or not .
  7. The customers of Mt. Gox opened their account under both types of virtual currency Bitcoin cash and trading with virtual money amount through the Internet .
  8. According to Japanese police , only new Karpeles access to the server and database operator at the exchange .
  9. MtGox headquartered in Tokyo, has stopped all transactions in February last year, and filing for bankruptcy.
  10. Mark Karpeles claimed 850,000 Bitcoins, worth more than 8 billion yen at that time, had disappeared. He said exchanges collapsed after hackers stole most of the Bitcoin client.
  11. One month after the declaration of bankruptcy by Mark Karpeles, the anonymous hacker group has attacked Mark's blog and published a list of accounts that Bitcoin Mt. Gox holding. Accordingly, the accounts of Mt. Gox Bitcoin is still a lot.
  12. Forbes magazine also stated prestige, even that Karpeles Bitcoin 850,000 claims for loss suffered no movement on blockchain. This suggests that this probably is the mastermind CEO burglaries targeting his company.
  13. This is consistent with speculation by Japanese police, said that most of Bitcoin that Mt. Gox holding has been transferred to another account.
  14. Although under a lot of pressure, but Mark Karpeles then do not make any statement regarding the incident since declared bankruptcy in Tokyo.

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