Mt. Gox, the world's largest Bitcoin exchange, has filed a countersuit against CoinLab that demands the return of more than $5 million in customer funds it claims its one-time partner still holds.
The lawsuit, filed last week in US District Court for the Western District of Washington, came in response to a $75 million breach of contract lawsuit that CoinLab filed against Mt. Gox in May. The two companies reached an agreement last year under which CoinLab would manage Mt. Gox's Bitcoin exchange operations in the US and Canada.
The partnership was designed to smooth the Bitcoin trading … Read more