Below is the first part of an article by Lionel Laurent from It reads…

(Reuters) – More than 400 people have signaled they would join a class action against Mt. Gox, the world’s biggest marketplace for the digital currency bitcoin before its abrupt collapse, British-based law firm Selachii said.

It would be the latest effort to try to recoup some of the $480 million in losses that Mt. Gox has blamed on a hacking attack that drove it into bankruptcy. The exchange is already being sued by a U.S. customer for alleged negligence and fraud.

Selachii has received over 400 expressions of interest in joining a class action, according to the law firm’s co-founder Richard Howlett. After ending submissions on Friday the firm will tally the list of claimants and file a suit in London against the parent company of Mt. Gox, K K Tibanne, and Mt. Gox chief Mark Karpeles, he said.

“There are already over 400 people who are joining in … From every country you can think of,” Howlett said.

Neither Karpeles nor his lawyer were available to comment.

Class actions, also known as representative actions, are rare under English law. The court at first instance considered only two cases reported since the introduction of new rules in 2000, Thomson Reuters-owned legal publisher Practical Law said on its website.


Marc Primo Pulisci is a Los Angeles based attorney practicing with Initiative Legal Group. Marc Primo Pulisci has been practicing law for over 10 years. Find Marc on Marc Primo TwitterMarc Primo MantaMarc Primo FacebookMarc Primo SquarespaceMarc Primo Dot ComMarc Primo Pulisci Dot ComMarc Primo MyspaceMarc Primo Pulisci BlogMarc Primo WordPressMarc Primo Blog Marc Primo Quora Marc Primo Foursquare Marc Primo Manta Marc Primo Merchant Circle Marc Primo Yellow Book Marc Primo Google Plus Marc Primo Law360 Marc Primo Zoho Docs Marc Primo Blogspot