Tags: WSJ | Investors | Bitcoin | Gox

WSJ: Investors Bid 1 Bitcoin for Defunct Exchange Mt Gox

Thursday, 10 Apr 2014 05:31 PM

A group of investors is seeking to buy bankrupt bitcoin exchange Mt. Gox, the Wall Street Journal reported, citing sources.

The investor group is offering a token payment of one bitcoin, or about $400, to buy the exchange, the Journal said.

The group justified the near-zero price citing an "information vacuum" over Mt. Gox's missing bitcoins that made it hard to place a value on the lost digital currency, the paper added.

Mt. Gox filed for bankruptcy in Japan in February, saying hackers had stolen 750,000 bitcoins belonging to its customers and 100,000 of its own bitcoins after exploiting a security flaw in its software.

The acquisition must be approved by a Japanese bankruptcy court.

© 2017 Thomson/Reuters. All rights reserved.

   
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A group of investors is seeking to buy bankrupt bitcoin exchange Mt. Gox, the Wall Street Journal reported, citing sources.
WSJ, Investors, Bitcoin, Gox
115
2014-31-10
Thursday, 10 Apr 2014 05:31 PM
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