Court Rules Mizuho Bank to Face MtGox Class Action Lawsuit in U.S

[kreslik.news]

Mizuho Bank has failed to convince an American court it would be too difficult for its lawyers to handle a bitcoin exchange related case outside Japan or that it has no jurisdiction because the infamous MtGox was based in Tokyo. On Monday a U.S federal judge in Chicago gave the go ahead to a class action lawsuit accusing the Japanese bank of not revealing the full extent of the problems faced by the exchange from American depositors.

Once the world’s largest bitcoin exchange, MtGox went bankrupt in February 2014 when it reported the disappearance of 850,000 bitcoins in a cyber attack, worth ... (read more)