Japan police arrest MtGox CEO over loss of bitcoins: media

TOKYO, Japan - Japanese police on Saturday arrested Mark Karpeles, CEO of the collapsed MtGox bitcoin exchange, over the loss of nearly $390 million worth of the virtual currency, local media said.

Karpeles is suspected of having accessed the computer system of the exchange and of falsifying data on its outstanding balance, Kyodo News and public broadcaster NHK said.

source: www.abs-cbnnews.com