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US Court Dismisses Case vs Mt. Gox, Mizuho Bank for Lack of Jurisdiction

A United States court on Friday dismissed for lack of jurisdiction the charges against the now-defunct Mt. Gox digital currency exchange and Mizuho bank of Japan about the exchange bankruptcy in February 2014, reports Billionaire365.com.

The Pennsylvania district court granted the motion of Mizuho to junk the case filed against them by Gregory Pearce, one of 24,000 users who lost money when the digital currency platform collapsed in 2014 following the theft of nearly 70% of Mt. Gox’s Bitcoin holdings from hackers.

Part of the decision of the District Court of the Eastern District of Pennsylvania in the US read:

“Submitted before this Court by Mizuho’s Motion to Dismiss f…

This article appeared first on Cryptovest

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