Tagged: mt gox

Plaintiffs in Cyprus Drop Fraud Allegations Against Accused Bitcoin Launderer Alexander Vinnick

Plaintiffs who pressed criminal fraud charges in Cyprus against accused former BTC-e crypto exchange administrator Alexander Vinnick have withdrawn the charges, TASS reports. “A court session of the Limassol District Court was held on November 27, 2018, where the plaintiffs withdrew the action to accuse… Read More

Lawyer: Greek Justice System Violating Rights of Accused Bitcoin Launderer Alexander Vinnik

The legal rights of a man at the centre of an international tug-of-war have been violated by the Greek justice system, a lawyer for accused BTC-e administrator Alexander Vinnik argued in court this week. “You have violated the rights of Alexander Vinnik, who hasn’t received… Read More

Mt. Gox Trustees Liquidate BTC and BCH Totaling $230M as Part of Settlement Process

Mt. Gox, the infamous cryptocurrency exchange (really a Bitcoin exchange) that went bankrupt in 2014 due to mismanagement and theft, is getting closer to settling at least some of the claims that stand against it. Today, the bankruptcy trustee published a document indicating BTC 24,658.00762 and BCH … Read More

Perspective: The Need for Trust in Cryptocurrency Exchanges

One of the most significant impediments to mass cryptocurrency adoption is the lack of trust and security in the industry. Users have witnessed or experienced themselves a plethora of malicious attacks and illegitimate business practices on trading exchanges which leave them less prone to being… Read More

Inspection of Japan Crypto Exchanges Reveals Loose Business Practices

Onsite inspections of 16 licensed cryptocurrency exchanges and 7 with licenses pending in Japan has revealed generally loose business practices and controls, according to a report released last Friday by the Japanese Financial Services Agency (FSA). The inspections were conducted by the FSA in cooperation with… Read More

Japanese Bank Argues US Courts Have No Jurisdiction in Mt Gox Crypto Fraud Case

A Japanese bank that allegedly allowed notorious failing cryptocurrency exchange Mt Gox to continue accepting deposits while simultaneously freezing withdrawals is once again appealing a ruling that allowed a class action suit to proceed against the bank in the US, Finance Feeds reports. The bank,… Read More

Following $523 Million Hack, Coincheck Announces it will Reimburse All Impacted Investors

Following the enormous theft of 523,000,000 XEM (NEM), Japan based cryptocurrency exchange Coincheck has announced it will reimburse all impacted investors. At current exchange rates, this means Coincheck will need to pay out over USD $523 million to the estimated 260,000 impacted users. At the time… Read More

Bitcoin Crowdfunding In Beta Now: BitcoinStarter

Bitcoin is a cryptocurrency that is particularly popular amongst libertarian-minded individuals because of it’s decentralized, open-source nature. For a quick primer on what bitcoin is and how it works, check out this presentation by Robert McNally. A Wild Day For Bitcoin The currency made a… Read More

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