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Bankrupt Mt. Gox Facing Class-Action Suit Over Bitcoin Disappearance

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The mountain of trouble that has been piling up for Mt. Gox just got even larger

Once the largest Bitcoin exchange in the world, Mt. Gox shut its digital doors and later filed for bankruptcy this week after losing hundreds of millions of dollars worth of its customers’ bitcoins. Now the Japan-based company and its French CEO, Mark Karpeles, have been hit with a class-action lawsuit.

Chicago-based law firm Edelson PC filed the suit Thursday in a federal court in Illinois on behalf of one named plaintiff, Gregory Greene, and all other U.S. residents affected by the collapse of Mt. Gox. Greene is said to have lost a trove of bitcoins worth $25,000. Read more…

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