mtgox
Group of Investors Sweeps in to Save Beleaguered Mt. Gox Depositors
Michelle Dean · 04/29/14 09:21AMIn the latest development in the crypto-soap-opera that is the Mt. Gox bankruptcy, plaintiffs in an Illinois class action brought by angry depositors have agreed to settle its claims against the beleaguered Bitcoin exchange. The settlement agreement, filed with an Illinois court yesterday, sets up the story as a heartwarming "We Are the World"-type reconciliation:
Michelle Dean · 04/16/14 08:43AM
Michelle Dean · 03/28/14 12:05PM
Does Mt.Gox's CEO Have a Secret History of Committing Fraud?
Jordan Sargent · 03/02/14 04:42PMIn the wake of Bitcoin exchange Mt. Gox announcing that it lost $473 million worth of the virtual currency, many people who saw their money disappear have called for CEO Mark Karpeles to be imprisoned. Well, funny thing: it wouldn't necessarily be the first time Karpeles has been arrested for fraud.
Feds Seize Assets of World's Largest Bitcoin Exchange
Adrian Chen · 05/15/13 12:31PMThe problems keep coming for Mt. Gox, the world's biggest Bitcoin exchange. Just days after Gawker revealed a key business partnership had devolved into a $75 million lawsuit, the Department of Homeland Security seized a payment processing account belonging to the company, alleging it lied on financial documents.
Massive Bitcoin Business Partnership Devolves Into $75 Million Lawsuit
Adrian Chen · 05/02/13 07:17PMBitcoin, the virtual currency libertarian geeks expect us all to use to pay for pizza in the future, has had a rough few weeks. A series of booms and busts have sent shivers down the spines of Bitcoin enthusiasts. Now, Gawker has learned that a much-hailed partnership between two of the most prominent players in Bitcoin, Mt. Gox and CoinLab, has devolved into a nasty $75 million lawsuit, which appears to be by far the biggest Bitcoin-related lawsuit ever.
Bitcoin's Roller Coaster Day
Max Read · 04/10/13 05:00PMBitcoin finally crashed! And then it didn't. After two weeks in the spotlight, the anonymous techno-libertarian dweeb-currency rocketed past $250 yesterday—only to lose more than half its value over just a few hours today. Only to rally back up to around $200 again, just over the last hour or so. That's millions of dollars. Traded on a Magic: the Gathering site.