Mizuho Bank’s Appeal Against Mt Gox Related Lawsuit Dismissed
A US Court has dismissed the appeal filed by Mizuho Bank against Mt Gox customers' class action lawsuit. Mizuho Bank recently found itself in a legal trouble after its association with defunct Bitcoin exchange Mt. Gox was recognized by a US court. The bank’s name surfaced in the notorious Bitcoin theft case when some of its victims claimed that their withdrawal requests was denied by the Japanese bank. The Mt. Gox victims, on the grounds of denial of rightful requests by Mizuho, later filed a class action lawsuit against the bank. According to the lawsuit, Mizuho Bank intentionally wreaked....
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A lawsuit against Binance accusing the cryptocurrency exchange of selling unregistered crypto securities has been dismissed. The plaintiffs listed nine cryptocurrencies in the lawsuit.
Binance’s Lawsuit Dismissed
U.S. District Judge Andrew Carter dismissed a lawsuit against cryptocurrency exchange Binance Thursday.
The motion to dismiss was filed by Binance and CEO Changpeng Zhao (CZ). The lawsuit (case no. 20-02803) was originally filed in April 2020 in the U.S. district court in the Southern District of New York.
Binance is accused of violating....
A 2014 class action lawsuit by plaintiffs in Canada against defunct bitcoin exchange Mt. Gox has been dismissed. The law firm representing Canadian plaintiffs in the class action against Mt. Gox, a now-defunct bitcoin exchange has revealed that the case will be dismissed. The class action lawsuit was originally brought to the Ontario Superior Court of Justice against MtGox Inc., Mt. Gox KK, Tibanne KK, Mt. Gox North America Inc., Mizuho Bank, Ltd., Mark Karpeles (CEO) and Jed Mccaleb (founder). The case sought $465 million ($500 million CAD) in compensation for Canadians who placed their....
An interesting development is taking place in the infamous Mt. Gox lawsuit, as Mizuho Bank has been accused of not revealing the full extent of the problems faced by Mt. Gox from American depositors. Mizuho Bank had claimed it would be too difficult for their lawyers to handle the Bitcoin exchange case outside of Japan and tried to shed off any responsibility due to the alleged lack of jurisdiction. But what does this mean for affected Mt. Gox users? The Role of Mizuho Bank In Mt. Gox. Very few people are aware of how Mizuho Bank was responsible for managing all of the American fiat....
An effort to bring a class action lawsuit against defunct bitcoin exchange Mt Gox has been dismissed in Canada, according to a notice posted by Charney Lawyers PC today. Launched in 2014, the class action sought to recover damages plaintiffs lost in the exchange’s collapse, an effort that continues in the US. Now, the Ontario Superior Court of Justice has ruled that claims against Mt Gox Inc, Mt. Gox KK, Tibanne KK, Mt Gox North America Inc, Mizuho Bank as well as Mt Gox CEO Mark Karpeles and founder Jed Mccaleb will not proceed. Sources close to the lawsuit report that the bid proved....
Mizuho is the latest in a string of organizations facing heat over connection to MT. Gox. (Reuters) Connection to the former leading Bitcoin exchange, Mt. Gox, has entangled another business partner in the exchange's highly publicized demise. One of Japan's largest lenders, Mizuho Bank Ltd., was added as a defendant to an existing U. S. lawsuit against Mt. Gox. The suit alleges that Mizuho aided Mt. Gox's fraud by providing banking services to the troubled exchange. Mizuho held fiat currency on behalf of Mt. Gox and its customers, and the amended lawsuit claims that the lender mingled....