[2014-04-29] BNN: Bitcoin traders settle class actions over failed Mt. Gox

[bryant.coleman]

http://www.bnn.ca/News/2014/4/29/Bitcoin-traders-settle-class-actions-over-failed-Mt-Gox-exchange.aspx

U.S. and Canadian customers of failed Tokyo-based bitcoin exchange Mt. Gox have agreed to settle their proposed class action lawsuits that alleged the company defrauded them of hundreds of millions of dollars. The class action plaintiffs agreed to support a plan by Sunlot Holdings to buy the shuttered exchange and accept their share of bitcoins still held by Mt. Gox, according to a statement and court filings. Mt. Gox filed for bankruptcy in Japan and the United States earlier this year after saying it lost some 850,000 bitcoins - worth more than $400 million US- in a hacking attack. It subsequently said it found 200,000 bitcoins.

[Bit_Happy]

It subsequently said it found 200,000 bitcoins:
Do you know it was the cat who really found the 200,000 BTC? 


Seriously this story is far from over, since the courts in Japan have the power.

[counter]

This will be drawn out for a long time I suspect.  Many things will be brought to the light in the meantime I also believe.