Mt. Gox Bitcoin Bank Case To Be Heard In US Court

The defunct Mt. Gox bitcoin exchange case is back in the mainstream news cycle, and this time, it’s back in the U.S.

A federal judge ruled yesterday (March 15) that the U.S. lawsuit that names Japan’s Mizuho Bank, part of Mizuho Financial Group, as being involved in the case by allegedly concealing problems that Mt. Gox had prior to its demise in 2014 can move forward. The bank argued that the case would be difficult to try in the U.S., but U.S. District Judge Gary Feinerman rejected the notion that the case belongs in Japan.

Mizuho’s involvement in the case is as the banking provider for Mt. Gox, which included handling deposits for U.S. customers. As a result, a class action lawsuit was filed in Feb. 2014 on behalf of the U.S. customers that were victims of Mt. Gox’s demise that left hundreds of millions worth of bitcoins missing. It was then that

Read more ... source: TheBitcoinNews