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03 June 2020

Gox Rising Offers $800 per Bitcoin Claim to Buy out Mt Gox Creditors | News Bitcoin News

Gox Rising Offers $800 per Bitcoin Claim to Buy out Mt Gox Creditors | News Bitcoin News


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Gox Rising Offers $800 per Bitcoin Claim to Buy out Mt Gox Creditors.

The Brock Pierce-led outfit will pay $800 per bitcoin claim, either in BTC or cash, to creditors who are unwilling to wait for the finalization of the ongoing civil litigation.

“We recognize that some investors may not wish to wait any longer to see what the final resolution and payout will be and how much longer that payout will be delayed,” it said.

In its statement, Gox Rising pointed out that “each claim will need to be individually reviewed,” adding that “we have also been investigating potential avenues for bringing better liquidity options to claim holders and any interested parties should reach out.”.

Gox’s estate would be sold, and “equity (holders) will make no claim on any of the cash held by the trustee.”.

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