RATE Group | Founder of Mt. Gox Bitcoin Exchange Mark Karpeles Disputes Lawsuit Filed in Illinois
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Founder of Mt. Gox Bitcoin Exchange Mark Karpeles Disputes Lawsuit Filed in Illinois

28 Aug Founder of Mt. Gox Bitcoin Exchange Mark Karpeles Disputes Lawsuit Filed in Illinois

Posted at 19:31h in Bitcoin News by

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The founder of now-defunct Bitcoin (BTC) exchange Mt. Gox Mark Karpeles has filed a motion to dismiss a legal case filed against him in Illinois, according to a report by Financefeeds August 25.

The class action in question was originally filed in Illinois by Gregory Greene and Anthony Motto, two former clients of Mt. Gox who sought to hold Karpeles responsible for the money they have lost in the exchange’s collapse and bankruptcy back in 2014. Law 360 website reports that the plaintiffs accused the defendant of criminal conversion, negligence and fraud.

The plaintiffs alleged that Mizuho Bank, Ltd., which serviced the official account of the Mt. Gox exchange, was a trap, as they could deposit money to their accounts, but could not withdraw it from them. They claim that Karpeles conducted his business in the U.S. state of Illinois through the Mt. Gox exchange and its parent company Tibanne K.K.

Later in August, U.S. District Judge Gary Feinerman asked the court to name Karpeles…

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