Fortress plans to buy Mt Gox creditors’ claims at $900 per bitcoin

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 it was buying the claims for the company's bitcoin investment vehicle. The creditor may choose to accept the payment in Bitcoin or any legal currency, and the payment will be completed within 10 working days after the claim is confirmed. 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.