Mt. Gox Traders Seek Default Win After Ex-CEO Doesn't Show

Law360 (August 10, 2018, 5:40 PM EDT) -- A former user of the now-defunct Bitcoin exchange Mt. Gox asked an Illinois federal judge to enter a default judgment against the exchange’s founder Mark Karpeles on Friday, saying he has not responded to a proposed class action over its collapse.

Attorneys from Edelson PC representing lead plaintiffs Anthony Motto and Gregory Greene told U.S. District Judge Gary Feinerman that other than a few emails, Skype conversations and a single attorney appearance, Karpeles has not defended himself against the proposed class’ claims.

“Other than the brief appearance through his attorneys, defendant Karpeles has not formally participated in this case in any...

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