U.S. investors will face a tough time recovering investments or getting answers after Mt. Gox, the largest bitcoin exchange, filed for bankruptcy in Japan and later filed for Chapter 15 in Dallas.
Litigation Partner William Shepherd said: “I think there’s always a chance for investors to recover from losses because what lawyers for investors are going to look for are transfers that were made as the company was collapsing. So if bitcoins were being converted to hard currency in the days before this happened on a large scale by the ownership circle then I would think that would be an area that U.S. lawyers would look to to try and recover. But that will be a challenge.”
READ: Mt. Gox Liquidation Is A Bad Sign For US Investors (subscription required)
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