The class action plaintiffs agreed to support a plan by Sunlot Holdings to buy the shuttered exchange and accept their share of bitcoins still held by Mt. Gox, according to a statement and court filings. Once the world's biggest bitcoin exchange, Mt. Gox is slated to be liquidated after the Tokyo District Court granted the company's request to abandon plans to revive its business. In return for settling separate class actions, the U.S. and Canadian customers will share in a 16.5 percent stake after Mt. Gox is sold to Sunlot, a firm backed by child actor-turned entrepreneur Brock Pierce and venture capitalist William Quigley.
via Business News - Yahoo Finance http://ift.tt/1iweNYA
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