Cryptocurrencies
CoinLab Cuts Deal With Mt. Gox Trustee Over Bitcoin Claims
- Offer is for 90% of remaining Bitcoin tied up in bankruptcy
- Mt. Gox creditors must approve the settlement by a vote
Photographer: Tomohiro Ohsumi/Bloomberg
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Creditors seeking to regain Bitcoin lost on the Japanese exchange Mt. Gox in 2014 have a chance to get their digital assets back before legal claims are settled.
CoinLab Inc. said an agreement with Nobuaki Kobayashi, the trustee to the Mt. Gox bankruptcy, and MGIFLP, a unit of Fortress Investment Group LLC, will allow creditors to consider an offer of as much as 90% of the remaining Bitcoin tied up in the bankruptcy.