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Mt. Gox founder facing lawsuit for losing 80,000 BTC

Serial entrepreneur Jed McCaleb, and creator of the now-defunct Mt. Gox, is facing a lawsuit over his handling of the failed cryptocurrency exchange.   Former Mt. Gox traders Joseph Jones and Peter Steinmetz allege McCaleb was “fraudulent” and “negligent” in his representation of the exchange, partly leading to the loss of their Bitcoin when it was hacked in the notorious hacking incident from 2014, CoinDesk reports.

2019-6-26 14:47


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A primer on QuadrigaCX, the curious $134M cryptocurrency mystery

QuadrigaCX, one of Canada’s largest cryptocurrency exchanges, made headlines all over the world after the sudden death of its founder resulted in the loss of $134 million of users’ funds. The news came months after the troubled exchange had been complaining about banking issues, with some users describing problems with fiat and crypto withdrawals.

2019-2-8 18:38