Mt.Gox Former Chief Executive Will Face Class Action

The former chief executive cryptocurrency exchange, Mt Gox reported facing a class-action lawsuit brought in Philadelphia. Previously, 850,000 bitcoins belongings to the customers of Mt. Gox had been stolen which approximately $450 million during that time. Mt. Gox was owned by a French citizen living in Japan named Mark Karpeles & he argues that court has no jurisdiction over the case as the exchange was based and operated out of Japan.

Leave a Reply

Your email address will not be published. Required fields are marked *