American court stops Mt. Gox from auctioning Bitcoin domain

A United States court issued a temporary order to forbid the sale of the domain, which is still owned by the CEO of the defunct cryptocurrency exchange Mt. Gox. Mark Karpeles announced the auctioning of the domain two weeks ago.

The injuction – which will expire in 14 days – was issued by the district court in Washington state against the web-hosting company Tibanne following a request from Seattle-based CoinLab, which had previously filed a suit in the United States against Mt. Gox, The Wall Street Journal reports.

lfTibanne is one of the companies connected to Mt. Gox. Karpeles wanted to use the profit from the auction to keep the United States-based company running, but also giving at least half of the money to the Mt. Gox creditors, the previous clients that lost money due to the collapse of the exchange.

The downfall of the exchange boosted a war between several interested parties, who can’t seem to be able to agree over how the Japanese company’s assets should be divided up.

The auction, which is being managed by Heritage Auctions, was supposed to happen this Thursday (24th) and was expected to generate more than $750,000.

Bitcoin Video Crash Course 

Dummy-proof explainer videos enjoyed by over 100,000 students. One email a day for 7 days, short and educational, guaranteed.

We hate spam as much as you do. You can unsubscribe with one click.

Leave a Reply

0 Comment threads
0 Thread replies
Most reacted comment
Hottest comment thread
0 Comment authors
Recent comment authors
newest oldest most voted
Notify of