The U.S. judge said that ruling otherwise would result in 30,000 individual trials, following the logic of the former CEO Karpeles in suggesting the claim would be better heard in Japan.
Two prominent names in the Crypto Crime Cartel were arrested as the long overdue legal reckoning chews through prominent industry companies and individuals at the start of what is set to be a busy 2021.
Much misinformation has floated around the internet in the wake of Dr. Craig S. Wright's letters before action to Bitcoin (and its related forks) protocol developers.
The complaint alleges Mark Karpeles engaged in fraud by taking $400 million from the exchange, which he subsequently blamed on hackers.
The class action lawsuit filed in the United States against former Mt. Gox CEO Mark Karpeles will proceed as planned.
Mark Karpeles has asked a federal court to conclude a long-running lawsuit against him by dismissing the action.
The ruling, by a federal judge in Philadelphia, will now see further action brought against former Mt. Gox CEO Mark Karpeles personally.
The former head of the infamous Mt. Gox cryptocurrency exchange is back on the scene with a new idea, this time with a focus on blockchain.
Mark Karpeles will appeal the court decision that found him guilty of charges relating to data manipulation.
Anyone still hoping Mark Karpeles would spend time behind bars got some bad news recently, as it appears Japanese prosecutors have finally given in.
The Japanese court has issued its verdict and it certainly wasn’t what any in the crypto community had expected given the magnitude of the case.