CoinLab cuts deal with Mt. Gox Trustee on Bitcoin Claims

CoinLab cuts deal with Mt.  Gox Trustee on Bitcoin Claims

Photographer: Tomohiro Ohsumi / Bloomberg

Photographer: Tomohiro Ohsumi / Bloomberg

Creditors seeking to recover Bitcoin lost on Japanese exchange Mt. Gox in 2014 have a chance to get their digital assets back before legal claims are settled.

CoinLab Inc. has declared an agreement with Nobuaki Kobayashi, the trustee of Mt. The bankruptcy of Gox and MGIFLP, a unit of Fortress Investment Group LLC, will allow creditors to consider an offer of up to 90% of the Bitcoin remaining tied to bankruptcy.

The plan must be approved by creditors and investors are not required to agree to the prepayment and can wait for the lawsuits to settle, CoinLab said in a statement Friday.


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