Topic: Bitcoin drama. Coinlab sues Mt.Gox for $75 million
Anonymous A started this discussion 4 years ago#27,708
> Mt.Gox, the worldâ€™s biggest Bitcoin currency exchange, is being sued by its would-be partner CoinLab, which accuses it of breach of contract and demands $75 million (Â£48.1m) in damages.
> In November, Tokyo-based Mt.Gox signed an agreement to sell its assets in the US and Canada to CoinLab, a rival trading platform which said its connections to local banks would allow it to offer a better, more streamlined service.
> This week, CoinLab filed a lawsuit claiming that Mt.Gox ignored the agreement, kept trading in the US past the March deadline and failed to transfer ownership of its operations.