Japan's Mizuho in U.S., Canada suits over Mt. Gox bitcoin losses

Reuters ^ | 16 March 2014 | Tom Hals and Amanda Becker

[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.

[Errant]

Other News:

•Bitcoin Bankruptcy [Mt. Gox]: What the Heck Is Chapter 15?

•OKCoin Raises $10 Million to Become China’s ‘Largest Exchange’

•Mobile Ad Platform Vungle Offers Publishers Payouts in Bitcoin

•Bitcoin Founder Still at Large

•Why Do Economists Hate Bitcoin?

•The CoinDesk Mining Round-Up: Zoomhash, Cloud Hashing and Riggit V9 Mining Frame

•Why Regulation Could Help Bitcoin

•What the UK’s Tax Reversal Means for Bitcoin

[Errant]

Click to be Added / Removed.