Fortress Group to buy Mt. Gox creditors’ claims at $900 per BTC
Fortress group wants to relieve the long pain and suffering of Mt. Gox creditors by buying their claims out cheap.
Fortress group wants to relieve the long pain and suffering of Mt. Gox creditors by buying their claims out cheap.
Jed McCaleb is being sued for “fraudulent” and “negligent” misrepresentation contributing in part to losses suffered by Mt. Gox users.
The former head of the infamous Mt. Gox cryptocurrency exchange is back on the scene with a new idea, this time with a focus on blockchain.
CoinLab wants $15 billion in damages over the failure of the exchange and is demanding another $1.12 billion be paid each year.
Nobuaki Kobayashi, who was appointed to oversee the handling of compensation claims against the company, said he had applied to a court in Tokyo to revise the deadline for filing.
Mt. Gox creditors, after many years of waiting, look like they might finally be getting paid.
Andy Pag, the head of Mt. Gox Legal, resigned from his post, telling the creditors that he would step down at the end of the month.
Decisions have been made for thousands of Mt. Gox claimants, but many won’t be happy with what the judge has decreed.
Mark Karpeles will appeal the court decision that found him guilty of charges relating to data manipulation.
Anyone still hoping Mark Karpeles would spend time behind bars got some bad news recently, as it appears Japanese prosecutors have finally given in.
Trustee Nobuaki Kobayashi announced the amount secured for creditors stands at $623 million, slightly down from the figures discussed at the first creditors' meeting.
The Japanese court has issued its verdict and it certainly wasn’t what any in the crypto community had expected given the magnitude of the case.