Mt. Gox Was Sued for Bitcoin Loss Worth $133M

9500 Bitcoins were withdrawn by someone from Donald Raggio's Mt Gox account in January 2011
16 January 2018   1098

Two former users of the closed bitcoin exchange Mt. Gox sued the company because of the loss of 9,500 bitcoins, which at the current exchange rate are estimated at $ 133 million. This is reported by CoinDesk.

Initially, Donald Raggio, along with his son Chris, sued several organizations and people, including Jed McCaleb and Mark Karpeles, the former owners of Mt. Gox, March 5, 2014. Defendants filed a petition to review the case in a simplified manner, but on November 16, 2017 it was rejected. Later, an appeal was sent to the court demanding a review of the decision.

According to the court document, Donald Raggio registered at the Mt. Gox in December 2010, when bitcoin cost less than $ 1.

As electronic correspondence between Donald Raggio and McCaleb shows, shortly thereafter, in January 2011, someone withdrew 9,500 bitcoins from Donald's account.

Although it is not clear how exactly access was obtained to Donald's account, McCaleb appears to have contributed to the investigation in the future. According to the court document, the investigation led to the suspect under the nickname "Baron", who denied his guilt.

In 2011, McCaleb sold the stock exchange Mt. Gox to Carpeles, who later stated that he received from the predecessor the assets of Mt. Gox, but not its obligations.

In this order, the proceedings continued until 2014, when Mt. Gox announced its bankruptcy, and Donald and Chris Raggio put forward their suit against the company.

The defendants continue to insist that the Raggio lawsuit must be redeemed under the statute of limitations of the Mississippi State, since it was filed 3 years and 54 days after the loss of the bitcoins.

Ebang to Unveil New BTC Mining Devices

As reported, 10-nm process technology based Ebang E11 miners can reach 44 TH/s performance
25 September 2018   124

The Chinese manufacturer of mining equipment Ebang Communication revealed details about the new line of E11 devices, CCN reports.

At World Digital Mining in Tbilisi, the company introduced three new devices. Based on the 10-nm process technology Ebang E11 miners can reach 44 TH / s. According to the information on the company's website, new miners will go on sale in the near future.

Ebang Mining Devices
Ebang Mining Devices

On the advertising pic there are new devices: E11 (30TH / s), E11 + (37TH / s) and the most powerful E11 ++ (44TH / s)

Main competitor of Ebang - Bitmain - had introduced a high-performance chip BM1391 last week based on 7nm process technology. It is noteworthy that the device E11 ++ from Ebang in its effectiveness exceeds the flagship chip from Bitmain only 2J / TH.

The first information about the new line of miners from Ebang appeared in August.