Skip to main content

Mt. Gox Suit Judge Loosens Bitcoin Freeze to Chase Assets

Submitted by webadmin on

A U.S. judge who froze assets belonging to the American affiliate of bankrupt Bitcoin exchange Mt. Gox Co. loosened that restraint to see where some of the digital currency flows, Bloomberg News reported yesterday. U.S. District Judge Gary Feinerman yesterday revised his temporary order issued March 11 to allow movement — and possibly tracking — of small amounts of Bitcoin. Mt. Gox Co. filed for bankruptcy in Tokyo on Feb. 28 after announcing earlier last month that that it couldn’t account for 750,000 customer Bitcoins and about 100,000 of its own, about 7 percent of Bitcoins worldwide. Mt. Gox said yesterday that it had located about 200,000 Bitcoins stored in an old-format “wallet” that it had previously counted as missing. The company said its revised count of missing Bitcoins, 650,000, may change depending on the results of an investigation.