Japan’s Mizuho Bank and U.S. investors suing it over losses at the Mt. Gox bitcoin exchange on Monday asked a federal court in Los Angeles to stay the case, saying plaintiffs may be able to recover their losses in Mt. Gox’s bankruptcy proceedings.
In a joint report to the court, lawyers for both sides said the estate in Japan for the defunct Mt. Gox now has more than $617 million after selling bitcoins and may have enough to pay in full the claims of Mt. Gox customers who lost money when the exchange collapsed in 2014.
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