Inside Job: Warrant Issued For Bitcoin Bandit, Accused Of Stealing MtGox Investor Assets

Money cannot simply vanish from an exchange, even if that exchange trades in Bitcoin and was at one point a venue for exchange of magic cards. Japanese and other press reports say that the prosecutors in the region have leveled embezzlement charges against Mark, the French-born founder of the MtGox exchange. MtGox initially founded as a trading venue for magic cards, transitioned into bitcoin Karpeles is alleged to have lifted nearly $2.6 million from MtGox investors who used his exchange to buy, sell and transfer ownership rights into the “digital currency.” MtGox was originally started as an exchange for magic…