14 May '13, 9pm

Dept. of Homeland Security freezes accounts between Dwolla and bitcoin exchange Mt. Gox

Dept. of Homeland Security freezes accounts between Dwolla and bitcoin exchange Mt. Gox

Most recently, US-based bitcoin exchange startup CoinLab sued Mt. Gox for $75 million alledging breach of contract related to a partnership between the two companies. According to the lawsuit, CoinLab entered an agreement to license Mt. Gox’s technology, including “exclusive right to certain intellectual property” to exclusively provide exchange services Mt. Gox’s North American customers. The plaintiff, which is backed by Tim Draper, Geoff Entress, Peter Vessenes, and others, claims that Mt. Gox breached this agreement by dealing with North American customers directly and failing to share data as stipulated under this agreement.

Full article: http://pandodaily.com/2013/05/14/dept-of-homeland-securit...

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