Victims and investors are sitting on a trove of Mt Gox claims. Now they’re set to make bank.
Quick Take
- The trustee in Mt. Gox’s bankruptcy presides over a trove of 141,686 bitcoins with a market value of over $8.3 billion that is at last nearing redistribution.
- Fortress Investment Group and 507 Capital, which have spent years hoovering up unpaid Mt. Gox claims, stand to make huge profits.
- So too do creditors of the crypto exchanges Bitcoinica and Bitcoin Builder, which used Mt. Gox as a custodian, thanks to massive growth in the price of bitcoin since the infamous hack.
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Author: Ryan Weeks