in Cryptocurrency

Fortress Financial Group Increases Buyout Offer for Mt. Gox Claims

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Fortress Investment Group has increased its offer to purchase claims from creditors who lost money in the infamous $480 million Mt. Gox hack. The group, which aims to profit by eventually recovering the (BTC), upped its offer on the cryptocurrency to 88% of the estimated account value.

Cointelegraph has reported previously how Fortress calculated offers to creditors. The latest offer of $1300 is significantly higher than the $755 offered in December due to the recent increase in Bitcoin’s value.

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Source: Cryptocurrency - investing.com

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