MtGox CEO Mark Karpeles
KoFahu meets the Mitropa
Gregory Greene, the Illinois man who brought a proposed class-action lawsuit against Mt. Gox in the US, now says that he has come to a settlement agreement with two of the site’s principals and its potential buyer. The revelation comes from new court documents filed late Monday night.
Meanwhile, Mt. Gox still awaits word on its sale to that potential buyer. If approved by the Japanese court where the embattled Bitcoin exchange filed for bankruptcy in February 2014, Mt. Gox would be sold to a new company, Sunlot Holdings Limited.
In February 2014, Mt. Gox announced it lost 750,000 bitcoins belonging to its customers as well as 100,000 of its own bitcoins after weeks of DDOS attacks and “transaction malleability” problems. In total, Mt. Gox is estimated to have lost $468 million worth of bitcoins, prompting the exchange to file for bankruptcy protection in Japan and the United States. Shortly thereafter, the exchange halted all withdrawals, and plaintiffs in both Canada and the US suspected large-scale fraud and took legal action.
Read 16 remaining paragraphs | Comments