Mt. Gox Founder Wants Out Of Bitcoin Fraud Suit

Law360 (August 27, 2018, 4:25 PM EDT) -- The founder of now-defunct bitcoin exchange Mt. Gox on Friday asked an Illinois federal judge to dismiss claims against him brought by a proposed class of the exchange's users, arguing that the court has no personal jurisdiction over him.

Mark Karpeles told U.S. District Judge Gary Feinerman he has no ties to Illinois, where the suit accusing him of conversion, negligence and fraud related to Mt. Gox's failure was filed. He asked that the claims against him be dismissed, including any potential entry of default.

Karpeles, a French citizen living in Japan, faced criminal charges in his adopted home following the...

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