Mt. Gox Responds To CoinLab Lawsuit With $5.5M in Counterclaims

On Tuesday, Mt. Gox filed a response to the lawsuit brought against them by CoinLab. The two companies planned to work together as providers of bitcoin exchange services, but both parties have ultimately claimed a breach of contract by the other. We were first alerted of the latest filing here. Summary of Claims According to the contract, Mt. Gox would turn over all North American bitcoin exchange operations to CoinLab. The original negotiations for the deal took place during the Summer of 2012 and the contract was signed on November 22, 2012. After the signing date there would be a …