On January 15, the public was made aware of a deal between the firm Coinlab Inc., the Mt Gox bankruptcy trustee, Nobuaki Kobayashi, alongside MGIFLP, a subsidiary of Fortress Investment Group. According to the proposal, Mt Gox creditors will be able to claim as much as 90% of the bitcoin held by Kobayashi and the Tokyo court. Despite the recent reports, creditors still have to approve the proposal made by the company.
Coinlab Offers Mt Gox Creditors a Proposal
Last week, Mt Gox creditors were told there was a new online system dedicated to the claims they hold. Essentially, the Mt Gox creditors are a band of former customers of the exchange who want to obtain some of the funds lost during the breach seven years ago. Mt Gox was a bitcoin trading exchange and at the height of 2013, the platform was estimated to handle 70% of all BTC transactions.
Mt Gox was hacked for 850,000 BTC and the exchange closed its doors in February 2014 and filed for bankruptcy. 200,000 BTC was found after the bankruptcy and…