Creditors Who Owned 70% of Bitcoins on Mt. Gox Support Buyout, Says Investor

Creditors Who Owned 70% of Bitcoins on Mt. Gox Support Buyout, Says Investor

Just a few days ago, it was reported that American investors were hoping to acquire and revive disgraced bitcoin exchange Mt. Gox for one bitcoin (saying they would later relaunch and repay investors). This morning, we're getting some more information on the topic via the Wall Street Journal. According to John Betts from Sunlot Holdings (one of the investors involved with the proposed acquisition), creditors who owned over 70 percent of the bitcoins stored on the Tokyo-based exchange are in support of the idea to revive the operation. That, of course, must first be approved by a bankruptcy....


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