Bitcoin exchange Mt. Gox folded in February 2014 after sustained cyberattacks stole millions worth of the digital currency and sapped user confidence. Now over year later, Mt. Gox founder Mark Karpelès has been arrested over allegations that he used the company’s systems to artificially boost its worth and claims that the technical issues that forced bankruptcy were overblown.
Wall Street Journal reports that Karpelès was arrested by Japanese police on Saturday, and while no formal charges have been filed, “An official familiar with the investigation said authorities allege that Mr. Karpelès manipulated the balance of a company account and used it to counter orders from customers. “
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