Blog Archives

U.S. court issues restraining order halting auction

Posted on 24th July, 2014

The much-anticipated auction of branding-friendly domain was stopped yesterday when the U.S. District Court of Seattle issued a restraining order preventing the sale. Owned by Mt.Gox parent company Tibanne K.K., was expected to sell for around $1 million, with at least half of the proceeds going to Mt.Gox creditors. The injunction was issued […]

Report: CoinLab drops Mt.Gox bankruptcy filing objection

Posted on 10th June, 2014

Last month, Seattle-based bitcoin services company CoinLab filed an objection to a plan that begin the rehabilitation of shuttered Tokyo-based exchange Mt.Gox. Late last week, however, CoinLab announced that it was withdrawing its objection and is now supporting the Chapter 15 bankruptcy filing. The Wall Street Journal reports that while CoinLab does not change the […]

Proposed Mt.Gox plan slapped with objection by CoinLab

Posted on 27th May, 2014

Long before Mt.Gox revealed that lost hundreds of millions of dollars in customer funds due to bad coding, security issues and negligence, the Tokyo-based exchange was involved in another high-profile case with Seattle-based virtual-currency startup CoinLab. With a proposed plan to settle most of Mt.Gox’s bankruptcy debits working its way through the international legal system, […]