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Japan's Mizuho in U.S., Canada suits over Mt. Gox bitcoin losses
Reuters ^ | 16 March 2014 | Tom Hals and Amanda Becker

Posted on 03/16/2014 10:16:35 AM PDT by Errant

Mizuho Bank, one of Japan's largest lenders, has became ensnared in North American legal fallout from Mt. Gox, once the world's biggest bitcoin exchange, which collapsed last month after losing nearly half a billion dollars worth of customers' digital currency.

Lawsuits in the United States and Canada represent a new legal front - and a deep-pocketed defendant - in the battle over Mt. Gox, which claims hackers stole huge amounts of its own and its customers' assets.

Mizuho, the core unit of Mizuho Financial Group Inc, Japan's second-biggest "megabank" by assets, was added as a defendant on Friday to an existing U.S. lawsuit against Mt. Gox for allegedly aiding in a fraud by providing banking services to the exchange.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: bitcoin; gox; karpeles; mizuho
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1 posted on 03/16/2014 10:16:35 AM PDT by Errant
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2 posted on 03/16/2014 10:17:15 AM PDT by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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