Published on September 12th, 2015 | by bitcoin0
Mt. Gox Chief Facing Embezzlement Charges
Japanese prosecutors have charged the former founder and CEO of bitcoin exchange Mt.
Gox with embezzling the money of clients.
Gox was one of the most visible signs of the bitcoin bubble that captivated the tech industry in late 2013 and early 2014.
Gox emerged as the world’s largest bitcoin exchange.
Gox underscored the lack of control and regulation in the market and helped to cool excitement for the electronic currency.