Bitcoin trademark and domain name up for sale for £9.5m
The company overseeing the bankruptcy of Mt. Gox is putting the Bitcoins trademark up for sale, as well as the bitcoins.com domain name, with the bundle expected to be snatched up for about £9.5m.
Mt. Gox said when it filed for the trademark that it did so because it "felt obliged to step up and oppose opportunists around the world from trademarking the concept and term".
The exchange filed for bankruptcy protection and ceased trading in February, following the company losing over £251m worth of Bitcoins belonging to customers.
However, experts who are not dealing with the Mt. Gox case suggested to the Wall Street Journal that the parent company for the exchange, Tibanne, would likely have no legal obligation to repay the 127,000 creditors of the collapsed Bitcoin exchange.