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UK law firm lines up Mt Gox class action lawsuit

Many are interested in Bitcoin losses
Wed Mar 05 2014, 14:34

A LAW FIRM in the UK is lining up a class action lawsuit against beleaguered Bitcoin exchange Mt Gox.

The law firm called Selachii LLP has posted a call for claimants on its website, and asked anyone who might be affected by losses at the exchange to step forward and be counted. However, it has issued a reminder saying that time is running out.

"Selachii LLP are still accepting Claimants in a proposed action against Mt Gox, their parent company and their directors," it said on its website. "The last date for registering an interest will be at 4pm GMT on Friday 7th March 2014."

The firm told The INQUIRER that it has a longstanding interest in the movement of Bitcoins and is already building up a long list of claimants. It said that it was the first UK based firm of solicitors to accept Bitcoin and regularly advises clients and businesses on exchanges.

"We have been heavily involved in the Bitcoin industry, we have assisted numerous start up businesses looking for advice in relation to exchanges," said Richard Howlett, a partner at the firm.

"When Mt Gox went down, many people who knew us from the industry contacted us. This is where the class action came from, simply a lot of people contacting us initially and then us rolling the class action out to anyone who has been affected.

"There has been a huge interest, we receive emails by the minute and have been since last week. The list of potential claimants grows daily. We have seen a massive increase in enquiries generally and visits to our website."

Mt Gox has not responded to this but it has made some comments about its current situation.

It has filed for bankruptcy in Japan and said that it is going to work out all of its problems under court supervision, and will be open with anyone else who wants to know what happened to all those missing Bitcoins. It has opened a call centre for enquiries, which operates from 9am to 5pm Japanese time. µ


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