28 Feb '14, 9pm

Bankrupt Mt. Gox Facing Class-Action Suit Over Bitcoin Disappearance

The mountain of trouble that has been piling up for Mt. Gox just got even larger. Once the largest Bitcoin exchange in the world, Mt. Gox shut its digital doors and later filed for bankruptcy this week after losing hundreds of millions of dollars worth of its customers' bitcoins . Now the Japan-based company and its French CEO, Mark Karpeles, have been hit with a class-action lawsuit. See also: 5 Reasons Mt. Gox Won't Take Bitcoin Down With It Chicago-based law firm Edelson PC filed the suit Thursday in a federal court in Illinois on behalf of one named plaintiff, Gregory Greene, and all other U.S. residents affected by the collapse of Mt. Gox. Greene is said to have lost a trove of bitcoins worth $25,000. "This catastrophic loss has not only revealed the instability of a burgeoning new industry," the complaint against Mt. Gox reads, "it has also uncovered a massive scheme...

Full article: http://mashable.com/2014/02/28/mt-gox-class-action-suit/

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