Mark Karpeles, the former CEO of the now defunct bitcoin exchange Mt Gox, has been re-arrested on charges of embezzlement.

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, Tokyo’s Metropolitan Police served Karpeles with a new arrest warrant earlier today. Reports suggesting a re-arrest was a possibility first surfaced yesterday amid claims he had embezzled ¥321m ($2.6m) of customer deposits to fund other personal projects.

As previously reported by CoinDesk, Karpeles has been in custody for the past three weeks – the maximum time period suspects can be detained without being formally charged.

The new arrest warrant will mean Karpeles may now be held in custody for an additional 23 days.

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He was first arrested at the beginning of August amid claims he had manipulated volumes on Mt Gox prior to its demise in February 2014.

Arrest image via Shutterstock

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