News From The Crypto Currencies Scene Sale Halted by Court Order Sale Halted by Court Order

The domain has been put up for sale in an auction house recently, as the domain is owned by Mark Karpeles, the owner of the now collapsed and bankrupt Mt.Gox Bitcoin exchange. Now the auction has been halted however, as a U.S. court order has stopped the auction, the auction house claims on their website.

“This lot has been withdrawn from this auction. Bids are no longer accepted and previous bids are cancelled,” The statement on's website said regarding the domain. had to do so after a restraining order was released on Tuesday by the U.S. District Court, which basically makes the sale illegal to do until things are settled. The duration of the order is for now 14 days, where Karpeles and his associates cannot sell or transfer any assets and has to be able to account for all of them.

Karpeles responded to the news of the restraining order with an email that he send to the press, stating: “The sale of was done with the approval of the bankruptcy court. We are currently looking into options.”

Creditors of Mt Gox met in Tokyo on Wednesday, where the bankruptcy trustee, Nobuaki Kobayashi, said that he is looking for a company or sponsor to take over the now bankrupt Mt Gox Bitcoin exchange site.

“I do sincerely hope a sponsor will be taking over—that would be the best for all creditors. Myself and Tibanne will be doing our best to make this possible and overall work toward recovering more funds and Bitcoins.” Karpeles said in regards to the meeting held this Wednesday.

News by Daniel Allermand
Daniel Allermand - Reporter

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.


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