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Bitcoin => Bitcoin Discussion => Topic started by: CryptoDomains on March 14, 2014, 07:38:06 PM



Title: $500M lawsuit in Canada filed
Post by: CryptoDomains on March 14, 2014, 07:38:06 PM
http://www.cbc.ca/news/business/bitcoin-lawsuit-seeks-500m-for-canadian-investors-in-mt-gox-1.2573098

Discuss :)


Title: Re: $500M lawsuit in Canada filed
Post by: cedivad on March 14, 2014, 07:41:02 PM
Discuss :)
So basically MtGox is being sued in Canada and UK?

How does winning in one of those countries gets you anything if MtGox was a Japanese business?
Posted from Bitcointa.lk - #ecGhyJwWm7MNUYxy


Title: Re: $500M lawsuit in Canada filed
Post by: IrishFutbol on March 14, 2014, 07:58:24 PM
The Canadian action also names Mizuho Bank on the grounds that the Japanese financial institution held an account with non-bitcoin currency that was transferred from the personal bank accounts of users to the Mt. Gox exchange.

This is a little interesting.  It's likely where Gox was storing the cash deposits.  If this was fraud, as opposed to a genuine theft, it could be revealed here.  Though if it was fraud, you would have to be a complete moron to try to steal the cash along with the bitcoins.


Title: Re: $500M lawsuit in Canada filed
Post by: bananas on March 14, 2014, 08:08:52 PM
cool


Title: Re: $500M lawsuit in Canada filed
Post by: Hawker on March 14, 2014, 08:17:55 PM
Discuss :)
So basically MtGox is being sued in Canada and UK?

How does winning in one of those countries gets you anything if MtGox was a Japanese business?
Posted from Bitcointa.lk - #ecGhyJwWm7MNUYxy

It doesn't.  Some people just like to be able to say they are going to "do something" even if the rational course of action is to wait for the liquidator's report.


Title: Re: $500M lawsuit in Canada filed
Post by: Bit_Happy on March 14, 2014, 08:51:46 PM
How did I not see this before?
http://i.cbc.ca/1.2573149.1394823926!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/bitcoin-mtgox-japan.jpg
One protester w/ that much media...


Title: Re: $500M lawsuit in Canada filed
Post by: Bit_Happy on March 14, 2014, 08:52:52 PM
http://www.cbc.ca/news/business/bitcoin-lawsuit-seeks-500m-for-canadian-investors-in-mt-gox-1.2573098

Discuss :)

    'We're never going to find out what's going on unless we start a lawsuit because it's the only way we're going to get access to the records'- Lawyer Ted Charney

This will still take years, but progress is being made.


Title: Re: $500M lawsuit in Canada filed
Post by: Mobo on March 14, 2014, 08:56:55 PM
cool

My thoughts exactly.


Title: Re: $500M lawsuit in Canada filed
Post by: tkbx on March 14, 2014, 08:57:10 PM
Discuss :)
So basically MtGox is being sued in Canada and UK?

How does winning in one of those countries gets you anything if MtGox was a Japanese business?
Posted from Bitcointa.lk - #ecGhyJwWm7MNUYxy

It's an American business headquartered in Japan. I'm sure Japan and the USA would both cooperate with a lawsuit in Canada.


Title: Re: $500M lawsuit in Canada filed
Post by: cedivad on March 14, 2014, 09:00:13 PM
Is it an American business? I was thinking it only had a subsidiary in US...
Posted from Bitcointa.lk - #Va8QZEqEj0YaLoan


Title: Re: $500M lawsuit in Canada filed
Post by: casinocoin on March 14, 2014, 09:44:13 PM
Is it an American business? I was thinking it only had a subsidiary in US...
Posted from Bitcointa.lk - #Va8QZEqEj0YaLoan
It is registered in Japan, but they did do quite a bit of US transactions so I'm thinking they registered in the US as well?


Title: Re: $500M lawsuit in Canada filed
Post by: cedivad on March 14, 2014, 09:45:52 PM
Yes, that's true. There was the US branch, a subsidiary. The one with the 5m$-something seized from a state agency.
Posted from Bitcointa.lk - #ox0Ny5qdJlofIBE9


Title: Re: $500M lawsuit in Canada filed
Post by: bitjoint on March 14, 2014, 09:57:42 PM
One protester w/ that much media...

That's just one of us... Imagine what could we do all together...  We've got spartan DNA  :P


Title: Re: $500M lawsuit in Canada filed
Post by: TheFootMan on March 14, 2014, 10:04:09 PM
One protester w/ that much media...

That's just one of us... Imagine what could we do all together...  We've got spartan DNA  :P

Now - the next epic thing would be if someone somehow got hold of Mark and started live streaming. Torturing him by holding frappucinos in front of him with a sucking straw, but every time he was about to take a sip, it got removed from his face. Camera zooming in on his discontent face. Would become released when truth about missing coins and USD were told.

Would be a world instant hit. Bitcoin would be on the tongue of everyone in the entire world. Finally, world domination for Mark! :p


Title: Re: $500M lawsuit in Canada filed
Post by: freedomno1 on March 14, 2014, 11:49:20 PM
Are there now a whole bunch of country lawsuits for this one company neat

Japan
USA
Canada

More incoming


Title: Re: $500M lawsuit in Canada filed
Post by: Zimbabwecoin on March 15, 2014, 12:22:53 AM
The only people who win in the process are the attorneys. The only thing the little people will get out of this is perhaps some knowledge of how Mark scammed us.


Title: Re: $500M lawsuit in Canada filed
Post by: Taras on March 15, 2014, 07:35:17 AM

Those aren't media.  It's just Japanese people who've never seen a bearded red-head before taking pictures for their instagram feeds.
Well Chuck Norris is swimming across the pacific to show them something they won't soon forget.


Title: Re: $500M lawsuit in Canada filed
Post by: freedomno1 on March 15, 2014, 07:37:33 AM
I remember when I was watching the livefeed shortly before Gox collapsed before they were forced to leave so they could get the official protest license and it made me think at least a few individuals went their to protest in person even if it was in vain and did something.

Also remember some of the community worrying about that but in retrospect it did count in my opinion.