What's this? This is an unbiased just-the-facts news timeline ('newsline') about Mt. Gox, created by Newslines contributors. Help it grow by finding and summarising news. Learn more

Mt. Gox

Mt. Gox63 posts

Mt. Gox was one of the first Bitcoin exchanges, a place where customers could convert their local currencies into the virtual currency. The site was located in Japan and run by Mark Karpeles, a young French programmer. As Bitcoin increased in value the site experienced technical difficulties, hacking and public relations crises, culminating in the exchanges’ bankruptcy in February 2014, and the loss of hundreds of millions of dollars of users’ funds.

20 Aug, 2015

Arrest warrant for $2.6 million bitcoin theft

Makes StatementWarrant

After three weeks with no formal charges Japanese police says they will issue a fresh arrest warrant accusing him of pocketing $2.6 million worth of Bitcoin deposits, which was mainly spent on buying software rights, but also includes $48,000 for a luxury bed. Police are also reportedly interested in questioning Karpeles about the disappearance of 850,000 coins worth 48 billion yen last year. They were valued at around $480 million at the time of the disappearance, and $387 million at current exchange rates.

What's this? This is an unbiased just-the-facts news timeline ('newsline') about Mt. Gox, created by Newslines contributors. Make it grow it by finding and summarising news. Learn more