The CEO of failed Bitcoin exchange Mt.Gox was arrested in Japan early Saturday by police, according to several media reports.
Mt. Gox - News, Features, and Slideshows
Few people marked the recent anniversary of one of the biggest catastrophes to hit bitcoin -- the day MtGox went bust.
Any backdoor connection that the Silk Road online market might have had with Mark Karpeles, the founder of the failed Mt. Gox Bitcoin exchange, will have to be disregarded unless defense attorneys present stronger evidence, the judge in the U.S. federal trial against Russ Ulbricht said Tuesday.
Nearly all of the roughly US$370 million in bitcoin that disappeared in the February 2014 collapse of Mt. Gox probably vanished due to fraudulent transactions, with only 1 percent taken by hackers, according to a report in Japan's Yomiuri Shimbun newspaper, citing sources close to a Tokyo police probe.
Bitcoin exchange Kraken will help probe missing bitcoins as part of the liquidation of MtGox, once the world's largest trading place for the digital currency.
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