Private equity firm Fortress plans to buy Mt Gox creditors’ claims

Fortress Investment Group will purchase credits from Mt Gox creditors at a price of $900 per bitcoin. Mt Gox creditors can now get funding by selling their claims to Fortress. In a letter sent to creditors, Matthew Hourigan, managing director of the private equity firm, said he was buying the claims for the company's bitcoin investment vehicle. It is reported that the creditors of the Mt Gox Exchange hope to recover the lost bitcoin, rather than the equivalent cash when the exchange collapses. The case is currently being heard in the Tokyo District Court.