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Author Topic: $500M lawsuit in Canada filed  (Read 1432 times)
CryptoDomains (OP)
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March 14, 2014, 07:38:06 PM
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http://www.cbc.ca/news/business/bitcoin-lawsuit-seeks-500m-for-canadian-investors-in-mt-gox-1.2573098

Discuss Smiley
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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cedivad
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March 14, 2014, 07:41:02 PM
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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

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March 14, 2014, 07:58:24 PM
 #3

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.
bananas
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March 14, 2014, 08:08:52 PM
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cool
Hawker
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March 14, 2014, 08:17:55 PM
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Discuss Smiley
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.
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March 14, 2014, 08:51:46 PM
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How did I not see this before?

One protester w/ that much media...

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March 14, 2014, 08:52:52 PM
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    '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.

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March 14, 2014, 08:56:55 PM
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cool

My thoughts exactly.
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March 14, 2014, 08:57:10 PM
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Discuss Smiley
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.
cedivad
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March 14, 2014, 09:00:13 PM
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Is it an American business? I was thinking it only had a subsidiary in US...
Posted from Bitcointa.lk - #Va8QZEqEj0YaLoan

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Hashfast.org - Wiki for screwed customers
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March 14, 2014, 09:44:13 PM
 #11

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?
cedivad
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March 14, 2014, 09:45:52 PM
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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

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Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
bitjoint
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March 14, 2014, 09:57:42 PM
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One protester w/ that much media...

That's just one of us... Imagine what could we do all together...  We've got spartan DNA  Tongue
TheFootMan
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March 14, 2014, 10:04:09 PM
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One protester w/ that much media...

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

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
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March 14, 2014, 11:49:20 PM
 #15

Are there now a whole bunch of country lawsuits for this one company neat

Japan
USA
Canada

More incoming

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Zimbabwecoin
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March 15, 2014, 12:22:53 AM
 #16

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.

Planning to launch Zimbabwecoin in the future. Focused on building a community around it now.
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March 15, 2014, 07:35:17 AM
 #17

How did I not see this before?

One protester w/ that much media...

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.
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March 15, 2014, 07:37:33 AM
 #18

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.

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