The Fortress Investment Group is offering $900 per Bitcoin token to the Mt Gox creditors to take over the claims of their BTC holdings.
Being cleared from the majority of accusations, Mark Karpeles, ex-CEO of the Mt. Gox exchange, will serve as the CTO of a new blockchain tech firm.
Mt. Gox’s trustee Nobuaki Kobayashi has concluded the processing of creditors’ rehabilitation claims and promised to notify them of the results within days.
Mark Karpeles, who presided over the dramatic 2014 collapse of the world’s biggest cryptocurrency exchange Mt. Gox, was found guilty of tampering with financial records but will likely avoid jail time after receiving a suspended sentence.
Prosecutors have demanded the Japanese court to charge Mt. Gox CEO Mark Kapelès a minimum 10-year jail term under charges of Bitcoin embezzlement and fraud.
Brock Pierce wants Mt. Gox creditors to receive 100 percent of whatever they’re owed. He’s also fought with former Mt Gox CEO and majority shareholder Mark Karpelès on Twitter about the feasibility of his plan and whether it’s even legal.
Pierce charts the new plans of repaying the Mt. Gox victims through the creation of a new company under the same brand and its native cryptocurrency Gox Coin.
Once again unlucky CEO of the despoiled exchange got under the fire as his former U.S. customers brought on a fraud lawsuit to the federal judge in the state of Illinois.
The victims of Mt.Gox multimillion heist has finally won the battel for their faded funds, as the Tokyo District Court approved a petition to commence civil rehabilitation proceedings.
Shaun Bridges, a former Secret Service agent, pleaded guilty on Monday to diverting to his personal account over $800,000 worth of bitcoins during an investigation into online black marketplace Silk Road.