Mt. Gox was granted temporary bankruptcy protection on Monday, putting on hold two US lawsuits against the troubled Bitcoin exchange.
Judge Harlan Hale of the US Bankruptcy Court in Dallas approved (PDF) the company's motion for provisional relief under Chapter 15, a classification that allows the Tokyo-based exchange to fend off lawsuits while continuing to operate internationally. Instituted in 2009, Chapter 15 bankruptcy protection was designed to provide companies in other countries the benefits of the US court system.
The ruling came a day before a court in Chicago was scheduled to hear an investor's request to freeze … Read more