The Tokyo District Court has dismissed a claim from a man who wanted compensation for his loss of Bitcoin associated with the Mt Gox scandal; notably, the court ruled that Bitcoin could "not (be) subject to ownership" claims. In December 2014, Mt. Gox, an exchange based in Japan, collapsed after hackers stole 850,000 bitcoins worth around $450 million and then lost control over their digital currency.
The Tokyo District Court has dismissed a claim from a man who wanted compensation for his loss of Bitcoin associated with the Mt Gox scandal; notably, the court ruled that Bitcoin could "not (be) subject to ownership" claims. The explanation for the ruling reflects the developing and diverging ideas of what Bitcoin ought to be regarded as.