BC Blockchain Company Sued by Japanese Backer

Vancouver, British Columbia-headquartered DMG Blockchain Solutions Inc. is facing a lawsuit in BC Supreme Court by its Japanese backer, Bitmaster Ltd. The suit complains about dealings that Bitmaster had with DMG in 2017 and 2018. In all, Bitmaster is seeking a court order for the repayment of 479.279 bitcoins (worth about US$1.9-million), plus the return of 1,100 bit mining machines. The suit also seeks court costs and interest. DMG has not yet filed a response to the suit. In the markets, DMG has been suspended since February 1, 2019, for failing to file its financials for the year ended September 18, 2018.

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