Investment company Fortress, Mt. He went to the Gox victims with a new offer.

 

Investment company Fortress, Mt. He went to the Gox victims with a new offer.

Last year, Fortress, which offered a payment of $ 900 per Bitcoin in exchange for victims to transfer their rights, said the victims' Mt. He reported that he was ready to pay up to 80 percent of his claims from Gox. 

Currently managed by a board of trustees, Mt. Gox reached an agreement with MGIFLP, a unit of Fortress Investment Group, in January, and under this agreement, creditors would be given the option to claim 90 percent of their rights. The agreement will be presented to creditors for a simple yes-no vote. This voting is expected in October.

Fortress estimates that the payments under this agreement will not be made until 2022.

Fortress managing director Michael Hourigan said, “Mt. The Gox board of trustees recently released a plan that could allow creditors to receive a payment in mid-2022. Our lawyer's estimate is that this distribution will take place in the middle of 2022. Instead of waiting another 1 to 1.5 years, we currently offer a liquidity option to creditors who want to receive payments in cash or BTC. ” said.

The company has set aside $ 100 million to purchase these rights to creditors.

Mt. What is the Gox thing? Mt. Gox was the most used Bitcoin exchange in the world for a period. The stock exchange alone accounted for 80 percent of the entire transaction volume during its operating period. In 2014, Mt. Gox suspended all trades, shut down its website and filed for bankruptcy protection. 

The stock exchange had stolen 850 thousand BTC, 750 thousand of which belonged to its customers. At that time, Mt. A large number of users, mostly Americans, lost their Bitcoins on Gox. 

For 7 years Mt. A process is in progress for making payments to creditors at Gox. Mt. Gox currently has 138,000 BTC and 138,000 BCH in their wallets. The total value of these is approximately 8 billion 250 million dollars today.