Ex-Mt. Gox Exchange CEO Can't Appeal In Fraud Suit

By Rachel O'Brien (December 22, 2020, 9:50 PM EST) -- An Illinois federal judge on Tuesday refused to certify an interlocutory appeal for the former CEO of defunct Japanese bitcoin exchange Mt. Gox as he fights class action claims that the company lost $400 million of investors' money.

The February 2014 suit alleges former Mt. Gox CEO Mark Karpeles fraudulently collected $400 million worth of bitcoin and fiat currency from investors, blaming the loss on hackers targeting the bitcoin exchange. The Japanese exchange shut down suddenly in February 2014 after losing hundreds of thousands of customers' bitcoins, according to the lawsuit.

On Tuesday, U.S. District Judge Gary Feinerman denied Karpeles' June...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!