Below is the first part of an article by Tom Hals from Reuters.com. It reads…

(Reuters) – One of Japan’s largest lenders, Mizuho Bank Ltd, has became ensnared in the U.S. legal fallout from the collapse Mt. Gox, the leading bitcoin exchange that lost more than $400 million of customers’ digital currency.

The Japanese bank was added as a defendant on Friday to an existing lawsuit against Mt. Gox for allegedly aiding in a fraud by providing banking services to the exchange.

Mizuho held non-bitcoin currency on behalf of Tokyo-based Mt. Gox and its customers, according to the amended complaint by Gregory Greene, an Illinois resident who has said he lost $25,000 when Mt. Gox shut down last month.

Mt. Gox said in February it may have lost 750,000 of its customers’ bitcoins in a hacking attack and filed for bankruptcy in Tokyo. Customers have suspected a massive fraud.

Source: http://www.reuters.com/article/2014/03/15/us-bitcoin-mtgox-mizuho-idUSBREA2E01V20140315

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

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