Mt Gox hit with $75 million suit over failed partnership
In February, we reported on a major deal between Mt. Gox, the Japanese firm that runs the world’s largest Bitcoin exchange, and the American startup CoinLab. Under the terms of the agreement, CoinLab would take charge of Mt. Gox’s operations in the United States and Canada. CoinLab promised that its connections to American banks and investors would allow it to provide a superior customer experience.