Topic: Coinlab v. MtGox update - page 2. (Read 2343 times)
The whole thing smells like a smoke screen.
$5,000,000 constructive trust ...?
That's a good move and a good idea. 
if the article (and accusation) is true and coinlab owes gox 5 mil then the owner of coinlab might get criminally (or at least u.s. civilly ) sued for walking away with 5 mil of u.s. customer funds ...and then theres Japanese authorities to deal with on gox's side... this aint good... y'all come back now ya hear?(banjos) der der der der der der der der der...bitcoin that is.. black gold...texas tea....NOT!
IMO coinlab seems criminally liable not just negligent in handling business and customer funds- ...with only half the story and all the scams involved in most of the btc deals I see on this forum .its impossible to tell just what's real!
$5,000,000 constructive trust ...?
IMO coinlab seems criminally liable not just negligent in handling business and customer funds- ...with only half the story and all the scams involved in most of the btc deals I see on this forum .its impossible to tell just what's real!
$5,000,000 constructive trust ...?
Looks like MtGox is really insolvent at this current stage - over 5 millions $ and some coins at Coinalabs plus 5 millions frozen in Dwolla is probably enough to make them belly up.
For the lost BTC they probably can compensate with the Bitcoinica funds that they refuse to give back.
For the lost BTC they probably can compensate with the Bitcoinica funds that they refuse to give back.
so its coinlabs fault that gox is insolvent...greeeat..this gets better everday...... gooooosh!
http://numismatics.pwnz.org/coinlab-v-mtgox-answer-complaint/
TL;DR: MtGox points out that Coinlab violated their contract by failing to register as a money transmitter--wants $62,000 and BTC1428 returned, as well as $5,000,000 constructive trust imposed for outstanding balance of Coinlab customer deposits.
TL;DR: MtGox points out that Coinlab violated their contract by failing to register as a money transmitter--wants $62,000 and BTC1428 returned, as well as $5,000,000 constructive trust imposed for outstanding balance of Coinlab customer deposits.
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