MtGox, which claimed it once hosted around 80 per cent of global Bitcoin trading, shuttered in 2014 after admitting that 850,000 coins - worth around $480 million at the time - had disappeared from its vaults. File photo: Reuters
MtGox, which claimed it once hosted around 80 per cent of global Bitcoin trading, shuttered in 2014 after admitting that 850,000 coins - worth around $480 million at the time - had disappeared from its vaults. File photo: Reuters
Bitcoin

MtGox CEO heads to trial in Japan after Bitcoin worth US$480 million mysteriously vanished from digital vaults

Frenchman Mark Karpeles will plead innocence, his lawyer said, amid allegations he fraudulently manipulated data and pocketed millions worth of Bitcoin

Topic |   Bitcoin
MtGox, which claimed it once hosted around 80 per cent of global Bitcoin trading, shuttered in 2014 after admitting that 850,000 coins - worth around $480 million at the time - had disappeared from its vaults. File photo: Reuters
MtGox, which claimed it once hosted around 80 per cent of global Bitcoin trading, shuttered in 2014 after admitting that 850,000 coins - worth around $480 million at the time - had disappeared from its vaults. File photo: Reuters
READ FULL ARTICLE