Mealey's Banking & Finance - Investors: Bankrupt Bitcoin Exchange Operator Mt. Gox Liable For $409.2M Fraud

CHICAGO - A putative class of investors filed a lawsuit against bankrupt Mt. Gox Inc. on Feb. 27 in the U.S. District Court for the Northern District of Illinois, alleging fraud, breach of contract and other causes of action related to the loss of 744,000 bitcoins, a digital currency the investors say is valued at $409.2 million (Gregory Greene v. Mt Gox, et al., No. 14-01437, N.D. Ill.).

Access this news story on lexis.com®