USD $75 million is a big chunk of fiat. I wonder how they tricked Mr. Karpeles into signing such a bad contract with no financial consideration being paid upfront?
I just read the beginning of the court filing... is that really the case that they signed away all of their north america business in exchange for for royalty fees? and no up front payments from coinlab? lmao...
Isn't Tim Draper an investor in CoinLab?
This contract and the lawsuit is bad business... and bad for reputations...