Group of Investors Seek to Buy Mt. Gox And Revive It

Group of Investors Seek to Buy Mt. Gox And Revive It

The Wall Street Journal reports (paywall) this evening that an investor group "with Hollywood ties" is hoping to buy out disgraced bitcoin exchange Mt. Gox for a whole bitcoin. Yes, you read correctly. One bitcoin, or about $390 at the currency exchange rate. The investors, one of which included former child actor Brock Pierce hopes to bring the exchange back to life. Other investors in the group include William Quigley of Venture Partners, and John Betts, who previously worked on trading systems at big-name firms like Morgan Stanley and Goldman Sachs. Such an acquisition would however....


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