MtGox says co-operating with Tokyo police

Breaking News March 26, 2014 00:00

TOKYO - Failed Bitcoin exchange MtGox said Wednesday it has submitted "electronic records" and other documents to the Tokyo police after it collapsed in February admitting losing half a billion dollars' worth of the digital currency.

The Tokyo-based exchange filed for bankruptcy protection in Japan last month, saying it had lost 850,000 coins, worth nearly $500 million at the time.
It said last week it had found 200,000 of them in a "cold wallet" -- a storage device, such as a memory stick, that is not connected to other computers.
"MtGox Co. Ltd. consulted with the metropolitan police department with regard to the disappearance of bitcoins," the company said in a statement issued under the name of its representative director, Mark Karpeles.
"It has submitted necessary electronic records and other related documents," it said, adding the firm "intends to fully cooperate with each competent authority".
The announcement could indicate Japanese police have launched a criminal investigation into the huge loss of the digital currency.

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