We note that the laws of some jurisdictions treat investors who make redemption requests prior to a bankruptcy filing better than investors who did not try to redeem. The bankruptcies pending in Japan and in the U.S. will raise many interesting questions including how to treat customers who are similarly situated similarly.
Bitcoins also raise regulatory questions because they concern a "digital currency" or "crypto currency."
Mar. 12, 2014
Simovic, who described himself as a software developer who previously managed the bitcoin operations for a hedge fund, said Mt. Gox dodged repeated requests to withdraw funds from his account, which as of July 1 was credited with $935,000 in cash. Simovic could not be reached for comment.
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