Bitcoins.com domain auction cancelled after judge’s restraining order->
Submitted by Anonymous Coward on Thursday July 24, 2014 @10:32AM
An anonymous reader writes
"Heritage Auctions, the Texas company orchestrating the Bitcoins.com sale, pulled the auction listing on Wednesday afternoon, stating: "This lot has been withdrawn from this auction. Bids are no longer accepted and previous bids are cancelled."
The move comes as the result of a federal judicial order issued on Tuesday that put an immediate halt to the sale of Bitcoins.com, the domain name owned by embattled Mt. Gox CEO Mark Karpeles.
"The lot is being held for now so we can get this sorted out one way or the other," Noah Fleisher, a Heritage Auctions spokesman, told Ars. "I haven't heard from [Karpeles] at all."
An anonymous “company executive” (presumably Karpeles himself) told The Wall Street Journal in May 2014 that Mt. Gox's parent company Tibanne hopes to raise around $1 million by selling bitcoins.com and the Bitcoin trademarks it holds in the European Union and Japan because the company has “no use for them.”
The temporary restraining order, which was issued on Tuesday by a federal judge in Washington, comes as part of an ongoing lawsuit between CoinLab and Mt. Gox KK and its parent company, Tibanne. The order forbids the two Japanese companies from selling or otherwise transferring any assets for 14 days."