Mt. Gox head arrested over loss of 650,000 bitcoins

Mt. Gox head Mark Karpelès was arrested by Japanese police on Saturday, more than a year after the exchange folded amidst the loss of 650,000 bitcoins.Karpelès hasn't been formally charged but "police are alleging that he manipulated the company’s computer system to inflate its assets," The Wall Street Journal reported.

"Japanese media aired footage of Mr. Karpelès being led by police officers from his apartment before 7 a.m. Saturday," the Journal report said. "An official...

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