Fortress Investment Group increases its buyout offer to Mt Gox creditors

posted about 2 months ago
Fortress Investment Group reportedly raised its offer to purchase claims from creditors of the now-defunct crypto exchange Mt Gox.

Mt Gox went bankrupt in 2014 after reporting losses above $480 million worth of bitcoin. In June 2018, its case status was changed from bankruptcy to civil rehabilitation by Japan’s courts. As a result, the firm was able to restructure its business and creditors might have a chance to regain their lost funds.

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