Mt. Gox Bitcoin Exchange Sued for ‘Misappropriation’

“Bankrupt Mt. Gox, once the world’s biggest Bitcoin exchange, was sued by a customer in federal court in Chicago in a proposed class-action lawsuit representing all U.S. users who lost money.  The Mt. Gox exchange announced Feb. 24 it had lost 750,000 Bitcoins belonging to users and 100,000 more of its own. The exchange filed for bankruptcy today in Tokyo, saying in a statement that its debt exceeded its assets by 2.7 billion yen ($26.4 million).  Greene is pursuing class-action, or group, status on behalf of all people in the U.S. who paid Mt. Gox to buy, sell or trade in bitcoins as well as a those who had currency stored with the Japanese entity on Feb. 7.”

http://www.bloomberg.com/news/2014-02-28/mt-gox-bitcoin-exchange-sued-in-u-s-for-misappropriation-1-.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin