- Dec 10, 2019
Mt Gox creditors have got a new buyout offer from Fortress Investment Group in the ongoing civil rehabilitation case going on in the Japanse court. The investment group sent out an updated letter penned by the managing director Michael Hourigan to thousands of creditors promising to refund 70% of their total claim.
Mt Gox, the infamous Bitcoin exchange declared bankruptcy in 2014 after the theft of around $480 million worth of Bitcoin. The investors in the exchange took them to court to get back some portion of their investment lost by the platform.