Mark Karpeles, the operator of Bitcoin exchange/scam Mt. Gox, was charged Friday with embezzlement in connection to its collapse.
Karpeles, 30, was arrested last month in Tokyo, where he remains in custody after being accused of falsifying data and snagging millions of dollars' worth of the digital currency.
Tokyo-based MtGox shuttered last year after admitting 850,000 coins -- worth around $480 million at the time, or $387 million at current exchange rates -- had disappeared from its digital vaults.
The exchange, which once said it handled around 80 percent of global Bitcoin transactions, filed for bankruptcy protection soon after the cyber-money went missing, leaving a trail of angry investors calling for answers.
The company initially said there was a bug in the software underpinning Bitcoins that allowed hackers to pilfer them.
Previously: Mt. Gox files for bankruptcy
A report from Bitwise -- an investment firm lobbying for FEC approval for a cryptocurrency based exchange-traded fund -- found that 95% of the trading volume in Bitcoin was fake, ginned up through techniques like "wash trading" where a person buys and sells an asset at the same time.
Facebook is said to be developing a ‘stablecoin,’ which is a kind of digital currency pegged to the U.S. dollar.
“After Gerry’s death, Quadriga’s inventory of cryptocurrency has become unavailable and some of it may be lost,” said his widow.
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