Fortress Investment Group is looking for ways to buy Bitcoin (BTC) claims from the Mt. Gox creditors, as a report that spread on many best cryptocurrency news sites shows. The report outlines that the Japan-based cryptocurrency exchange Mt. Gox has received a letter from Fortress with a price offer for the Bitcoin claims.
For those of you who haven’t been following our altcoin news over the past years, Mt. Gox filed for bankruptcy in 2014 after losing $473 million worth of Bitcoin at the time due to an apparent hack. As a result, the price of Bitcoin has experienced a subsequent decline in value and dropped by over 36% over the month when this took place.
The report shows that Fortress Investments and its executive Michael Hourigan have sent out a letter to creditors in which they detail the buyback offer. As an apparent copy of the letter shows, the company has offered to buy the BTC claims at approximately double the bankruptcy value.
In other words, the latest cryptocurrency news show that Fortress Investments wants to buy the BTC claims at $900 per coin – while the value of the claims at the time Mt. Gox was declared insolvent was around $451.
The letter also notes that Fortress Investments can make the purchase in either Bitcoin or fiat money and that the offer is here to stand until the end of this month (July 31 as the final date). As we reported earlier this year, the Mt. Gox creditors may have claims for their lost Bitcoins which were filed automatically on their behalf.
One Reddit user named DerEwige spread a screenshot of an email which says:
“The creditors who objected to your self-approved rehabilitation claim withdrew their objections. As a result, the approval of your self-approved rehabilitation claim has become effective, and you no longer need to file an application for claim assessment.”
with this, DerEwige interpreted that Mt. Gox users that did not file a rehabilitation claim after losing their cryptocurrency have had a claim automatically filed on their behalf – which has recently been approved.
The current value of Bitcoin hovers around the $12,300 mark – the result of a correction after the price of $12,800 which was established overnight.
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