03 May '13, 3am

Top Bitcoin exchange faces $75 million lawsuit as international partnership reportedly breaks down

This past February, the largest Bitcoin exchange, Mt. Gox, announced a partnership with an American company called CoinLab. The goal of the partnership was to give Mt. Gox access to US customers through CoinLab, as the company is strongest in Japan. It also served to help Mt. Gox navigate new regulation guidelines the US government has proposed for Bitcoin transactions. In all, it looked like it could have been a win-win — but as Gawker reports , that doesn't appear to be the case. CoinLab has filed a lawsuit against Mt. Gox to the tune of $75 million. CoinLab alleges that Mt. Gox has "willfully failed to perform its obligations" under the original contract, because it "failed to provide CoinLab with account reconciliation data, server access, and other information." CoinLab also alleges that Mt. Gox has been serving customers in the US and Canada contrary to their contrac...

Full article: http://www.theverge.com/2013/5/2/4295638/top-bitcoin-exch...

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arstechnica.com 03 May '13, 3am

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pcworld.com 03 May '13, 4am

A partnership that sought to make it easy for Americans and Canadians to buy the virtual currency bitcoin has dissolved in...

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gawker.com 03 May '13, 12am

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news.cnet.com 03 May '13, 4am

A Bitcoin exchange partnership designed to smooth the trading process and show the security of the virtual currency has ap...

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news.cnet.com 03 May '13, 4am

A Bitcoin exchange partnership designed to smooth the trading process and show the security of the virtual currency has ap...

Massive Bitcoin Business Partnership Devolves Into $75 Million Lawsuit

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gawker.com 03 May '13, 12am

The two companies are in the business of Bitcoin exchange, which plays a central role in the Bitcoin economy. For all the ...

Lawsuit halts US bitcoin exchange partnership: ...

pcworld.com 03 May '13, 4am

A partnership that sought to make it easy for Americans and Canadians to buy the virtual currency bitcoin has dissolved in...

Top Bitcoin exchange hit with $75 million suit ...

mukpin.com 04 May '13, 3am

Top Bitcoin exchange hit with $75 million suit over failed partnership in february, we reported on a major deal between mt...

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blogs.marketwatch.com 03 May '13, 6pm

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$75 million lawsuit could destroy bitcoin’s largest exchange—but might help the currency go mainstream

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QZ.com 03 May '13, 3pm

Coinlab, one of the best-funded bitcoin startups in the US, is suing Mt.Gox, the world’s largest exchange for bitcoin, for...

Bitcoin companies engage in multi-million lawsuit

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rt.com 03 May '13, 4pm

Bitcoin companies engage in multi-million lawsuit Get short URL Published time: May 03, 2013 16:54 Tweet Share on Tumblr T...

Bad news for Bitcoin: CoinLab sues Mt. Gox for $75M after partnership fails

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venturebeat.com 03 May '13, 2pm

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beta.kraken.com 04 May '13, 4pm

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ireport.cnn.com 01 May '13, 9pm

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businessinsider.com 15 May '13, 5pm

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