Merchant Innovation

Group of Investors Seeks to Purchase Mt. Gox for 1 Bitcoin

Mt. Gox filed for bankruptcy in February after hackers had stolen 750,000 bitcoins from customers, and 100,000 from the company itself.  Now a group of investors is seeking to purchase the company for a token payment of one bitcoin, according to

The group includes former child actor Brock Pierce and venture capitalists William Quigley and Matthew Roszak.  The group would then like to first set aside 50 percent of the transaction fees to help pay back the customers and creditors who were affected.

If the investors are able to purchase the company, then the acquisition would need to be approved by a Japanese bankruptcy court. However, it is believed that the “near-zero” amount of the proposal may be more of a hurdle for those involved.

 

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

4 Comments

TRENDING RIGHT NOW