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Mt. Gox founder facing lawsuit for losing 80,000 BTC


Serial entrepreneur Jed McCaleb, and creator of the now-defunct Mt. Gox, is facing a lawsuit over his handling of the failed cryptocurrency exchange.  Former Mt. Gox traders Joseph Jones and Peter Steinmetz allege McCaleb was “fraudulent” and “negligent” in his representation of the exchange, partly leading to the loss of their Bitcoin when it was hacked in the notorious hacking incident from 2014, CoinDesk reports. The complaint, submitted on May 19, claims Mt Gox was already suffering from safety issues in January 2011. Two security breaches, the document says, resulted in the loss of “thousands of a Mt.Gox user’s Bitcoin.” McCaleb, who…

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