Private Equity

Investor Fortress Will Buy Mt Gox Creditor Claims For $900 Per Bitcoin

by coindesk.com posted 1year ago 82 views
Former Mt Gox customers can recoup $900 per bitcoin owed by selling their claims to Fortress Investment Group. : Creditors of Mt Gox waiting to get their bitcoin back from the long-defunct exchange can now get pennies on the dollar by selling their claims to Fortress Investment Group. In a letter sent to creditors, Michael Hourigan, a managing director at the New York-based private equity firm, said he is purchasing these claims for a bitcoin investment vehicle the firm operates. Mt Gox collapsed in 2014 after some 850,000 bitcoins disappeared from the exchange’s servers.

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