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U.S. judge freezes assets of Mt. Gox bitcoin exchange boss
Reuters ^ | 11 March 2014 | Tom Hals

Posted on 03/12/2014 9:20:32 AM PDT by Errant

A U.S. federal judge on Tuesday temporarily froze the U.S. assets of Mt. Gox chief Mark Karpeles and allowed alleged victims of the shuttered bitcoin exchange to demand evidence of what they claim is a massive fraud.

The market for the digital currency was rocked last month when Mt. Gox, once the world's largest bitcoin exchange, ceased operations, and soon after filed for bankruptcy. Mt. Gox said it may have lost 750,000 bitcoins, worth hundreds of millions of dollars, in a hacking attack.

The freeze on Karpeles' assets, issued by Judge Gary Feinerman in Chicago, also applies to Mt. Gox's U.S. affiliate and the Japanese parent company, Tibanne, according to Christopher Dore, an Edelson attorney who represents U.S. customers of the bitcoin exchange.

The judge's order did not apply to the Tokyo-based Mt. Gox KK, which was shielded from litigation after it filed for bankruptcy protection in Japan and the United States.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: bitcoin; exchange; gox; karpeles; mtgox
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1 posted on 03/12/2014 9:20:32 AM PDT by Errant
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To: Lurkina.n.Learnin; nascarnation; TsonicTsunami08; SgtHooper; Ghost of SVR4; Lee N. Field; DTA; ...

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2 posted on 03/12/2014 9:21:13 AM PDT by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: Errant

Wow. They did not do this to Corzine or any execs of the commodities board when they bilked farmers and other investors of billions.


3 posted on 03/12/2014 9:24:08 AM PDT by rey
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To: rey

This partially started last year when the fed froze mt gox accounts.


4 posted on 03/12/2014 9:35:02 AM PDT by George from New England (escaped CT in 2006, now living north of Tampa)
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To: All
Funny:

Sh!t Bitcoin Fanatics Say, Part 1

5 posted on 03/12/2014 9:44:14 AM PDT by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: Errant

Good. I’ve got my suspicions that he robbed himself anyway.


6 posted on 03/12/2014 8:26:52 PM PDT by GAFreedom (Freedom rings in GA!)
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