Former Mt Gox CEO must face lawsuit over bitcoin exchange ...

Mt. Gox bitcoin exchange founder asks court to dismiss fraud lawsuit

Mt. Gox bitcoin exchange founder asks court to dismiss fraud lawsuit submitted by SaneFive to mtgoxinsolvency [link] [comments]

Former Mt Gox CEO must face lawsuit over bitcoin exchange collapse - ruling

Former Mt Gox CEO must face lawsuit over bitcoin exchange collapse - ruling submitted by Redditcoin to mtgoxinsolvency [link] [comments]

Bitcoin Exchange Mt Gox CEO Mark Karpeles Disputes U.S. Fraud Lawsuit

Bitcoin Exchange Mt Gox CEO Mark Karpeles Disputes U.S. Fraud Lawsuit submitted by vlarocca to Bitcoin [link] [comments]

Founder of Mt. Gox Bitcoin Exchange Mark Karpeles Disputes Lawsuit Filed in Illinois

Founder of Mt. Gox Bitcoin Exchange Mark Karpeles Disputes Lawsuit Filed in Illinois submitted by cryptoanalyticabot to blockchainanalytics [link] [comments]

Bitcoin Exchange Mt.Gox CEO Mark Karpeles Disputes U.S. Fraud Lawsuit - coinness.com /r/btc

Bitcoin Exchange Mt.Gox CEO Mark Karpeles Disputes U.S. Fraud Lawsuit - coinness.com /btc submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Exchange Mt Gox CEO Mark Karpeles Disputes U.S. Fraud Lawsuit

Bitcoin Exchange Mt Gox CEO Mark Karpeles Disputes U.S. Fraud Lawsuit submitted by berrybookmark to CryptoCurrency [link] [comments]

Founder of Mt. Gox Bitcoin Exchange Mark Karpeles Disputes Lawsuit Filed in Illinois

Founder of Mt. Gox Bitcoin Exchange Mark Karpeles Disputes Lawsuit Filed in Illinois submitted by Cointelegraph_news to CoinTelegraph [link] [comments]

Bitcoin Exchange Mt.Gox CEO Mark Karpeles Disputes U.S. Fraud Lawsuit - coinness.com /r/Bitcoin

Bitcoin Exchange Mt.Gox CEO Mark Karpeles Disputes U.S. Fraud Lawsuit - coinness.com /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Exchange Mt Gox CEO Mark Karpeles Disputes U.S. Fraud Lawsuit

Bitcoin Exchange Mt Gox CEO Mark Karpeles Disputes U.S. Fraud Lawsuit submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Founder of Mt. Gox Bitcoin Exchange Mark Karpeles Disputes Lawsuit Filed in Illinois

Founder of Mt. Gox Bitcoin Exchange Mark Karpeles Disputes Lawsuit Filed in Illinois submitted by cpt2020 to BitcoinNewsToday [link] [comments]

Founder of Mt. Gox Bitcoin Exchange Mark Karpeles Disputes Lawsuit Filed in Illinois

Founder of Mt. Gox Bitcoin Exchange Mark Karpeles Disputes Lawsuit Filed in Illinois submitted by leftok to atbitcoin [link] [comments]

Founder of Mt. Gox Bitcoin Exchange Mark Karpeles Disputes Lawsuit Filed in Illinois

Founder of Mt. Gox Bitcoin Exchange Mark Karpeles Disputes Lawsuit Filed in Illinois submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Lawyers for creditors involved in two proposed class-action lawsuits against Mt. Gox have reached an agreement to support a group of U.S. investors' bid to revive the bankrupt bitcoin exchange, an agreement that would give the creditors a 16.5% stake in the prospective future company.

Lawyers for creditors involved in two proposed class-action lawsuits against Mt. Gox have reached an agreement to support a group of U.S. investors' bid to revive the bankrupt bitcoin exchange, an agreement that would give the creditors a 16.5% stake in the prospective future company. submitted by Redditcoin to mtgoxinsolvency [link] [comments]

Bitcoin exchange Mt. Gox hit by $75 million lawsuit

submitted by GrampaNo to news [link] [comments]

IAAL: Why the CoinLab v. Mt. Gox lawsuit is ho-hum

Lawyer here. I have no affiliation with CoinLab or Mt. Gox and have never purchased bitcoins through either one. Seems like everyone's badmouthing CoinLab this morning for filing a lawsuit against Mt. Gox. Maybe I can provide some perspective.
First, it's just a lawsuit. Thousands are filed every day. Breathe. From the complaint, it looks like CoinLab had an agreement with Mt. Gox. CoinLab probably paid a pretty penny (er, satoshi) for that agreement. CoinLab is now alleging that Mt. Gox is not holding up its end of the bargain. What would you do in this situation?
Second, I see this as a positive sign for bitcoin. People are willing to sue the fuck out of each other (and hire Susman Godfrey--great lawyers, not cheap) over this little digital currency thingy. This isn't some shitstain lawyer vomiting on paper and filing in federal court just to get a nuisance settlement. The complaint is very well done. It's clear they put a lot of time into it.
Third, don't believe everything you read in the complaint. There are two sides to every story. Wait for Mt. Gox to respond by filing an answer or a motion to dismiss. Anyone can file a lawsuit claiming damages of any amount of money. $75 million? I've worked on a case alleging hundreds of trillions in damages. (Of course, that case got jettisoned from the court system fairly quickly.)
Tl;dr: breathe.
submitted by listbyloc to Bitcoin [link] [comments]

Crypto Weekly News — June, 19

What important crypto events happened last week?
📌 The U.S. District Court dismissed the appeal of the former CEO of the Bitcoin exchange Mt. Gox Mark Karpelès. He requested the removal of the fraud allegations made by the last remaining plaintiff. District Judge Gary S. Feinerman decided in favor of Gregory Green, the initiator of the class action lawsuit against Karpelès. The plaintiff insists that the head of the site did not provide an appropriate level of protection for user funds, accusing him of negligence and fraud.
📌 BitMEX exchange operator HDR Global Trading and OKCoin have granted $150,000 to Bitcoin Core developer Amiti Uttarvar who specializes in Bitcoin P2P level issues, being the author of a proposal to reduce the frequency of wallet attempts to relay transactions.
📌 The well-known Bitcoin investor Alistair Milne lost 1 BTC during a hacker attack, which he himself initiated. The purpose of the experiment was to find out how much data about the wallet would be enough to hack it. Milne created a separate Bitcoin address, transferred 1 BTC to it, and started laying out prompts to unravel a seed phrase of 12 words. When only 4 words remained, the hacker intervened and managed to brute force the remaining words in 44 hours.
📌 The creator of the Telegram messenger Pavel Durov warned of fraudulent schemes carried out allegedly on his behalf on Facebook and Instagram and noticed that such ads were approved by moderators of the platforms. Durov called on Facebook to organize the moderation of advertisements, and also expressed the hope that the company will compensate for the damage caused to users by the actions of moderators.
📌 Leading party functionaries in China have proposed a plan to create the central bank digital currency (CBDC) based on the currencies of China, Korea, Japan, and Hong Kong. A payment network with a regional CBDC could be part of the free trade agreement that Japan, Korea, and China are preparing to sign. The initiative will also allow China to expand its use of the renminbi internationally.
📌 Co-founder of the Centra Tech cryptocurrency project Robert Farkas pleaded guilty to organizing a $25 million fraudulent scheme. In 2018, Farkas, along with Sohrab Sharma and Raymond Trapani, was accused of cheating investors. The US Securities and Exchange Commission insisted that they provided knowingly false information about the partnership with Visa and Mastercard. Centra executives also assured investors that they are licensed to process money transfers in 38 states.
📌 As a result of the last recalculation of the complexity of Bitcoin mining, the indicator grew by 14.95% to 15.78 trillion hashes (T), approaching the pre-halving level.
📌 The non-custodial cryptocurrency P2P marketplace LocalCryptos opened up the possibility for users to buy and sell Litecoin (LTC) in addition to Bitcoin (BTC) and Ethereum (ETH). Previously, the platform was called LocalEthereum and supported the trading of the second largest cryptocurrency by capitalization. Along with a statement on adding support for other crypto assets, the marketplace rebranded. The first cryptocurrency added was Bitcoin.
📌 The Bitcoin.com cryptocurrency information portal account is blocked on YouTube. At the time of the ban, 40 thousand people were subscribed to the channel. By assumption, the blockage may be due to their political activity. Bitcoin.com founder Roger Ver called YouTube a tool for social media manipulation and censorship.
📌 Protocol Podcast host Eric Savix has lost all of Bitcoin's savings. On June 10, Savix downloaded the fake Google Chrome cryptocurrency extension Keep Key. He was not embarrassed by the requirement of the program to enter a seed phrase from the wallet. Thus, the hackers transferred all 12 BTC available to Savix (about $120 thousand at the time of the theft) to their account. The concerned community managed to collect a sixth of the stolen during the day.
📌 According to an official WhatsApp blog press release, users with Mastercard or Visa debit/credit cards of certain Brazilian banks now have an opportunity to send messages attaching their assets. The amount of payments is limited to twenty per day, however, the transaction size limit is not specified.
That’s all for now!
submitted by CoinjoyAssistant to CryptoMarkets [link] [comments]

Remember when your bank lost all your money fraudulently, but made it up to you by giving you lots of Chuck-E-Cheese tokens instead?

Remember when your bank lost all your money fraudulently, but made it up to you by giving you lots of Chuck-E-Cheese tokens instead? submitted by ReallyRealRedditUser to Buttcoin [link] [comments]

Crypto Weekly News — June, 19

What important crypto events happened last week?
📌 The U.S. District Court dismissed the appeal of the former CEO of the Bitcoin exchange Mt. Gox Mark Karpelès. He requested the removal of the fraud allegations made by the last remaining plaintiff. District Judge Gary S. Feinerman decided in favor of Gregory Green, the initiator of the class action lawsuit against Karpelès. The plaintiff insists that the head of the site did not provide an appropriate level of protection for user funds, accusing him of negligence and fraud.
📌 BitMEX exchange operator HDR Global Trading and OKCoin have granted $150,000 to Bitcoin Core developer Amiti Uttarvar who specializes in Bitcoin P2P level issues, being the author of a proposal to reduce the frequency of wallet attempts to relay transactions.
📌 The well-known Bitcoin investor Alistair Milne lost 1 BTC during a hacker attack, which he himself initiated. The purpose of the experiment was to find out how much data about the wallet would be enough to hack it. Milne created a separate Bitcoin address, transferred 1 BTC to it, and started laying out prompts to unravel a seed phrase of 12 words. When only 4 words remained, the hacker intervened and managed to brute force the remaining words in 44 hours.
📌 The creator of the Telegram messenger Pavel Durov warned of fraudulent schemes carried out allegedly on his behalf on Facebook and Instagram and noticed that such ads were approved by moderators of the platforms. Durov called on Facebook to organize the moderation of advertisements, and also expressed the hope that the company will compensate for the damage caused to users by the actions of moderators.
📌 Leading party functionaries in China have proposed a plan to create the central bank digital currency (CBDC) based on the currencies of China, Korea, Japan, and Hong Kong. A payment network with a regional CBDC could be part of the free trade agreement that Japan, Korea, and China are preparing to sign. The initiative will also allow China to expand its use of the renminbi internationally.
📌 Co-founder of the Centra Tech cryptocurrency project Robert Farkas pleaded guilty to organizing a $25 million fraudulent scheme. In 2018, Farkas, along with Sohrab Sharma and Raymond Trapani, was accused of cheating investors. The US Securities and Exchange Commission insisted that they provided knowingly false information about the partnership with Visa and Mastercard. Centra executives also assured investors that they are licensed to process money transfers in 38 states.
📌 As a result of the last recalculation of the complexity of Bitcoin mining, the indicator grew by 14.95% to 15.78 trillion hashes (T), approaching the pre-halving level.
📌 The non-custodial cryptocurrency P2P marketplace LocalCryptos opened up the possibility for users to buy and sell Litecoin (LTC) in addition to Bitcoin (BTC) and Ethereum (ETH). Previously, the platform was called LocalEthereum and supported the trading of the second largest cryptocurrency by capitalization. Along with a statement on adding support for other crypto assets, the marketplace rebranded. The first cryptocurrency added was Bitcoin.
📌 The Bitcoin.com cryptocurrency information portal account is blocked on YouTube. At the time of the ban, 40 thousand people were subscribed to the channel. By assumption, the blockage may be due to their political activity. Bitcoin.com founder Roger Ver called YouTube a tool for social media manipulation and censorship.
📌 Protocol Podcast host Eric Savix has lost all of Bitcoin's savings. On June 10, Savix downloaded the fake Google Chrome cryptocurrency extension Keep Key. He was not embarrassed by the requirement of the program to enter a seed phrase from the wallet. Thus, the hackers transferred all 12 BTC available to Savix (about $120 thousand at the time of the theft) to their account. The concerned community managed to collect a sixth of the stolen during the day.
📌 According to an official WhatsApp blog press release, users with Mastercard or Visa debit/credit cards of certain Brazilian banks now have an opportunity to send messages attaching their assets. The amount of payments is limited to twenty per day, however, the transaction size limit is not specified.
That’s all for now!
submitted by CoinjoyAssistant to CryptoCurrencies [link] [comments]

Crypto Weekly News — June, 19

What important crypto events happened last week?
📌 The U.S. District Court dismissed the appeal of the former CEO of the Bitcoin exchange Mt. Gox Mark Karpelès. He requested the removal of the fraud allegations made by the last remaining plaintiff. District Judge Gary S. Feinerman decided in favor of Gregory Green, the initiator of the class action lawsuit against Karpelès. The plaintiff insists that the head of the site did not provide an appropriate level of protection for user funds, accusing him of negligence and fraud.
📌 BitMEX exchange operator HDR Global Trading and OKCoin have granted $150,000 to Bitcoin Core developer Amiti Uttarvar who specializes in Bitcoin P2P level issues, being the author of a proposal to reduce the frequency of wallet attempts to relay transactions.
📌 The well-known Bitcoin investor Alistair Milne lost 1 BTC during a hacker attack, which he himself initiated. The purpose of the experiment was to find out how much data about the wallet would be enough to hack it. Milne created a separate Bitcoin address, transferred 1 BTC to it, and started laying out prompts to unravel a seed phrase of 12 words. When only 4 words remained, the hacker intervened and managed to brute force the remaining words in 44 hours.
📌 The creator of the Telegram messenger Pavel Durov warned of fraudulent schemes carried out allegedly on his behalf on Facebook and Instagram and noticed that such ads were approved by moderators of the platforms. Durov called on Facebook to organize the moderation of advertisements, and also expressed the hope that the company will compensate for the damage caused to users by the actions of moderators.
📌 Leading party functionaries in China have proposed a plan to create the central bank digital currency (CBDC) based on the currencies of China, Korea, Japan, and Hong Kong. A payment network with a regional CBDC could be part of the free trade agreement that Japan, Korea, and China are preparing to sign. The initiative will also allow China to expand its use of the renminbi internationally.
📌 Co-founder of the Centra Tech cryptocurrency project Robert Farkas pleaded guilty to organizing a $25 million fraudulent scheme. In 2018, Farkas, along with Sohrab Sharma and Raymond Trapani, was accused of cheating investors. The US Securities and Exchange Commission insisted that they provided knowingly false information about the partnership with Visa and Mastercard. Centra executives also assured investors that they are licensed to process money transfers in 38 states.
📌 As a result of the last recalculation of the complexity of Bitcoin mining, the indicator grew by 14.95% to 15.78 trillion hashes (T), approaching the pre-halving level.
📌 The non-custodial cryptocurrency P2P marketplace LocalCryptos opened up the possibility for users to buy and sell Litecoin (LTC) in addition to Bitcoin (BTC) and Ethereum (ETH). Previously, the platform was called LocalEthereum and supported the trading of the second largest cryptocurrency by capitalization. Along with a statement on adding support for other crypto assets, the marketplace rebranded. The first cryptocurrency added was Bitcoin.
📌 The Bitcoin.com cryptocurrency information portal account is blocked on YouTube. At the time of the ban, 40 thousand people were subscribed to the channel. By assumption, the blockage may be due to their political activity. Bitcoin.com founder Roger Ver called YouTube a tool for social media manipulation and censorship.
📌 Protocol Podcast host Eric Savix has lost all of Bitcoin's savings. On June 10, Savix downloaded the fake Google Chrome cryptocurrency extension Keep Key. He was not embarrassed by the requirement of the program to enter a seed phrase from the wallet. Thus, the hackers transferred all 12 BTC available to Savix (about $120 thousand at the time of the theft) to their account. The concerned community managed to collect a sixth of the stolen during the day.
📌 According to an official WhatsApp blog press release, users with Mastercard or Visa debit/credit cards of certain Brazilian banks now have an opportunity to send messages attaching their assets. The amount of payments is limited to twenty per day, however, the transaction size limit is not specified.
That’s all for now!
submitted by CoinjoyAssistant to cryptonewswire [link] [comments]

Crypto Weekly News — June, 19

What important crypto events happened last week?
📌 The U.S. District Court dismissed the appeal of the former CEO of the Bitcoin exchange Mt. Gox Mark Karpelès. He requested the removal of the fraud allegations made by the last remaining plaintiff. District Judge Gary S. Feinerman decided in favor of Gregory Green, the initiator of the class action lawsuit against Karpelès. The plaintiff insists that the head of the site did not provide an appropriate level of protection for user funds, accusing him of negligence and fraud.
📌 BitMEX exchange operator HDR Global Trading and OKCoin have granted $150,000 to Bitcoin Core developer Amiti Uttarvar who specializes in Bitcoin P2P level issues, being the author of a proposal to reduce the frequency of wallet attempts to relay transactions.
📌 The well-known Bitcoin investor Alistair Milne lost 1 BTC during a hacker attack, which he himself initiated. The purpose of the experiment was to find out how much data about the wallet would be enough to hack it. Milne created a separate Bitcoin address, transferred 1 BTC to it, and started laying out prompts to unravel a seed phrase of 12 words. When only 4 words remained, the hacker intervened and managed to brute force the remaining words in 44 hours.
📌 The creator of the Telegram messenger Pavel Durov warned of fraudulent schemes carried out allegedly on his behalf on Facebook and Instagram and noticed that such ads were approved by moderators of the platforms. Durov called on Facebook to organize the moderation of advertisements, and also expressed the hope that the company will compensate for the damage caused to users by the actions of moderators.
📌 Leading party functionaries in China have proposed a plan to create the central bank digital currency (CBDC) based on the currencies of China, Korea, Japan, and Hong Kong. A payment network with a regional CBDC could be part of the free trade agreement that Japan, Korea, and China are preparing to sign. The initiative will also allow China to expand its use of the renminbi internationally.
📌 Co-founder of the Centra Tech cryptocurrency project Robert Farkas pleaded guilty to organizing a $25 million fraudulent scheme. In 2018, Farkas, along with Sohrab Sharma and Raymond Trapani, was accused of cheating investors. The US Securities and Exchange Commission insisted that they provided knowingly false information about the partnership with Visa and Mastercard. Centra executives also assured investors that they are licensed to process money transfers in 38 states.
📌 As a result of the last recalculation of the complexity of Bitcoin mining, the indicator grew by 14.95% to 15.78 trillion hashes (T), approaching the pre-halving level.
📌 The non-custodial cryptocurrency P2P marketplace LocalCryptos opened up the possibility for users to buy and sell Litecoin (LTC) in addition to Bitcoin (BTC) and Ethereum (ETH). Previously, the platform was called LocalEthereum and supported the trading of the second largest cryptocurrency by capitalization. Along with a statement on adding support for other crypto assets, the marketplace rebranded. The first cryptocurrency added was Bitcoin.
📌 The Bitcoin.com cryptocurrency information portal account is blocked on YouTube. At the time of the ban, 40 thousand people were subscribed to the channel. By assumption, the blockage may be due to their political activity. Bitcoin.com founder Roger Ver called YouTube a tool for social media manipulation and censorship.
📌 Protocol Podcast host Eric Savix has lost all of Bitcoin's savings. On June 10, Savix downloaded the fake Google Chrome cryptocurrency extension Keep Key. He was not embarrassed by the requirement of the program to enter a seed phrase from the wallet. Thus, the hackers transferred all 12 BTC available to Savix (about $120 thousand at the time of the theft) to their account. The concerned community managed to collect a sixth of the stolen during the day.
📌 According to an official WhatsApp blog press release, users with Mastercard or Visa debit/credit cards of certain Brazilian banks now have an opportunity to send messages attaching their assets. The amount of payments is limited to twenty per day, however, the transaction size limit is not specified.
That’s all for now!
submitted by CoinjoyAssistant to dogecoin [link] [comments]

Crypto Weekly News — June, 19

What important crypto events happened last week?
📌 The U.S. District Court dismissed the appeal of the former CEO of the Bitcoin exchange Mt. Gox Mark Karpelès. He requested the removal of the fraud allegations made by the last remaining plaintiff. District Judge Gary S. Feinerman decided in favor of Gregory Green, the initiator of the class action lawsuit against Karpelès. The plaintiff insists that the head of the site did not provide an appropriate level of protection for user funds, accusing him of negligence and fraud.
📌 BitMEX exchange operator HDR Global Trading and OKCoin have granted $150,000 to Bitcoin Core developer Amiti Uttarvar who specializes in Bitcoin P2P level issues, being the author of a proposal to reduce the frequency of wallet attempts to relay transactions.
📌 The well-known Bitcoin investor Alistair Milne lost 1 BTC during a hacker attack, which he himself initiated. The purpose of the experiment was to find out how much data about the wallet would be enough to hack it. Milne created a separate Bitcoin address, transferred 1 BTC to it, and started laying out prompts to unravel a seed phrase of 12 words. When only 4 words remained, the hacker intervened and managed to brute force the remaining words in 44 hours.
📌 The creator of the Telegram messenger Pavel Durov warned of fraudulent schemes carried out allegedly on his behalf on Facebook and Instagram and noticed that such ads were approved by moderators of the platforms. Durov called on Facebook to organize the moderation of advertisements, and also expressed the hope that the company will compensate for the damage caused to users by the actions of moderators.
📌 Leading party functionaries in China have proposed a plan to create the central bank digital currency (CBDC) based on the currencies of China, Korea, Japan, and Hong Kong. A payment network with a regional CBDC could be part of the free trade agreement that Japan, Korea, and China are preparing to sign. The initiative will also allow China to expand its use of the renminbi internationally.
📌 Co-founder of the Centra Tech cryptocurrency project Robert Farkas pleaded guilty to organizing a $25 million fraudulent scheme. In 2018, Farkas, along with Sohrab Sharma and Raymond Trapani, was accused of cheating investors. The US Securities and Exchange Commission insisted that they provided knowingly false information about the partnership with Visa and Mastercard. Centra executives also assured investors that they are licensed to process money transfers in 38 states.
📌 As a result of the last recalculation of the complexity of Bitcoin mining, the indicator grew by 14.95% to 15.78 trillion hashes (T), approaching the pre-halving level.
📌 The non-custodial cryptocurrency P2P marketplace LocalCryptos opened up the possibility for users to buy and sell Litecoin (LTC) in addition to Bitcoin (BTC) and Ethereum (ETH). Previously, the platform was called LocalEthereum and supported the trading of the second largest cryptocurrency by capitalization. Along with a statement on adding support for other crypto assets, the marketplace rebranded. The first cryptocurrency added was Bitcoin.
📌 The Bitcoin.com cryptocurrency information portal account is blocked on YouTube. At the time of the ban, 40 thousand people were subscribed to the channel. By assumption, the blockage may be due to their political activity. Bitcoin.com founder Roger Ver called YouTube a tool for social media manipulation and censorship.
📌 Protocol Podcast host Eric Savix has lost all of Bitcoin's savings. On June 10, Savix downloaded the fake Google Chrome cryptocurrency extension Keep Key. He was not embarrassed by the requirement of the program to enter a seed phrase from the wallet. Thus, the hackers transferred all 12 BTC available to Savix (about $120 thousand at the time of the theft) to their account. The concerned community managed to collect a sixth of the stolen during the day.
📌 According to an official WhatsApp blog press release, users with Mastercard or Visa debit/credit cards of certain Brazilian banks now have an opportunity to send messages attaching their assets. The amount of payments is limited to twenty per day, however, the transaction size limit is not specified.
That’s all for now!
submitted by CoinjoyAssistant to CryptoNews [link] [comments]

Crypto Weekly News — June, 19

What important crypto events happened last week?
📌 The U.S. District Court dismissed the appeal of the former CEO of the Bitcoin exchange Mt. Gox Mark Karpelès. He requested the removal of the fraud allegations made by the last remaining plaintiff. District Judge Gary S. Feinerman decided in favor of Gregory Green, the initiator of the class action lawsuit against Karpelès. The plaintiff insists that the head of the site did not provide an appropriate level of protection for user funds, accusing him of negligence and fraud.
📌 BitMEX exchange operator HDR Global Trading and OKCoin have granted $150,000 to Bitcoin Core developer Amiti Uttarvar who specializes in Bitcoin P2P level issues, being the author of a proposal to reduce the frequency of wallet attempts to relay transactions.
📌 The well-known Bitcoin investor Alistair Milne lost 1 BTC during a hacker attack, which he himself initiated. The purpose of the experiment was to find out how much data about the wallet would be enough to hack it. Milne created a separate Bitcoin address, transferred 1 BTC to it, and started laying out prompts to unravel a seed phrase of 12 words. When only 4 words remained, the hacker intervened and managed to brute force the remaining words in 44 hours.
📌 The creator of the Telegram messenger Pavel Durov warned of fraudulent schemes carried out allegedly on his behalf on Facebook and Instagram and noticed that such ads were approved by moderators of the platforms. Durov called on Facebook to organize the moderation of advertisements, and also expressed the hope that the company will compensate for the damage caused to users by the actions of moderators.
📌 Leading party functionaries in China have proposed a plan to create the central bank digital currency (CBDC) based on the currencies of China, Korea, Japan, and Hong Kong. A payment network with a regional CBDC could be part of the free trade agreement that Japan, Korea, and China are preparing to sign. The initiative will also allow China to expand its use of the renminbi internationally.
📌 Co-founder of the Centra Tech cryptocurrency project Robert Farkas pleaded guilty to organizing a $25 million fraudulent scheme. In 2018, Farkas, along with Sohrab Sharma and Raymond Trapani, was accused of cheating investors. The US Securities and Exchange Commission insisted that they provided knowingly false information about the partnership with Visa and Mastercard. Centra executives also assured investors that they are licensed to process money transfers in 38 states.
📌 As a result of the last recalculation of the complexity of Bitcoin mining, the indicator grew by 14.95% to 15.78 trillion hashes (T), approaching the pre-halving level.
📌 The non-custodial cryptocurrency P2P marketplace LocalCryptos opened up the possibility for users to buy and sell Litecoin (LTC) in addition to Bitcoin (BTC) and Ethereum (ETH). Previously, the platform was called LocalEthereum and supported the trading of the second largest cryptocurrency by capitalization. Along with a statement on adding support for other crypto assets, the marketplace rebranded. The first cryptocurrency added was Bitcoin.
📌 The Bitcoin.com cryptocurrency information portal account is blocked on YouTube. At the time of the ban, 40 thousand people were subscribed to the channel. By assumption, the blockage may be due to their political activity. Bitcoin.com founder Roger Ver called YouTube a tool for social media manipulation and censorship.
📌 Protocol Podcast host Eric Savix has lost all of Bitcoin's savings. On June 10, Savix downloaded the fake Google Chrome cryptocurrency extension Keep Key. He was not embarrassed by the requirement of the program to enter a seed phrase from the wallet. Thus, the hackers transferred all 12 BTC available to Savix (about $120 thousand at the time of the theft) to their account. The concerned community managed to collect a sixth of the stolen during the day.
📌 According to an official WhatsApp blog press release, users with Mastercard or Visa debit/credit cards of certain Brazilian banks now have an opportunity to send messages attaching their assets. The amount of payments is limited to twenty per day, however, the transaction size limit is not specified.
That’s all for now!
submitted by CoinjoyAssistant to CryptoNews24by7 [link] [comments]

Bitcoin News and the MtGox Hack on BBC News Mt Gox Bitcoin Protest Update 17 Feb 2014 - YouTube Head of Mt.Gox Hats Sued by Samson Hats Bitcoin: MtGox Bankruptcy Clams Mt Gox Bitcoin Sell off (May 2018)

TOKYO – When Mt. Gox, the world’s largest bitcoin trading exchange, collapsed in early 2014, more than 24,000 customers around the world lost access to hundreds of millions of dollars’ worth ... A federal judge in Philadelphia has declined to dismiss a proposed class action accusing Mark Karpeles, former chief executive of the defunct Mt Gox bitcoin exchange, of hiding problems at the ... The Mt. Gox hack in 2014, when Mark Karpelès was CEO, is the most famous of the attacks on the early crypto exchange, with some 850,000 bitcoin being stolen and the site getting shut down. However, there were also lesser-known hacks on the site before McCaleb handed off control to Karpelès. In particular, a large volume of smaller hacks took ... The attempt by the head of ill-fated Bitcoin exchange MtGox to stay a US lawsuit due to civil rehabilitation proceedings in Japan hits the curb. The recent motion by Mark Karpeles to stay a US lawsuit against him in light of civil rehabilitation proceedings in Japan did not see a reaction of support from the Court. On February 28, 2019, the Honorable Gary Feinerman of the Illinois Northern ... A years-old $75 million lawsuit against Mt Gox by US company CoinLab is delaying payouts to creditors, the Japanese bankruptcy trustee revealed today.

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Bitcoin News and the MtGox Hack on BBC News

Mt Gox The Untold Story! (Bitcoin Exchange Hack) - Duration: 5:24. Crypto Jedi 4,760 views. 5:24. Jed McCaleb on the Creation of Mt. Gox - Duration: 56:15. What Bitcoin Did 2,217 views. 56:15 ... Learn more at Coinsumm.it Nejc Kodric, Bitstamp, Bobby Lee, BTCChina, Jesse Powell, Kraken Moderated by Dan Morehead, Pantera Capital Management Mt.Gox Missing Bitcoin's Update - Duration: 4:20. GamersGoneTech 986 views. 4:20. ... Bitcoin exchange hacked AGAIN, goes bankrupt - Duration: 2:51. CNN Business 116,064 views. 2:51 . Security ... Breaking news alert about arrest of Mark Karpeles, head of Mt. Gox Hat Company and lawsuit from Hats by Samson. In the second part of my series of interviews relating to Mt. Gox, I talk with Mark Karpelès, the CEO of the now bankrupt Bitcoin exchange. We discuss how he...

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