[2014-04-29] CNBC: Stung bitcoin investors plan Mt. Gox resurrection

[bryant.coleman]

http://www.cnbc.com/id/101623121

Investors from the U.S. and Canada have dropped a lawsuit against embattled bitcoin exchange Mt. Gox and have instead agreed to back a plan to buy the company in the hope of clawing back their losses. Under the agreement, which was announced late on Monday evening, these investors will join forces with a consortium called Sunlot Holdings and would settle two class-action lawsuits for fraud and other charges brought against the Tokyo exchange.

[1715207898]

1715207898

[counter]

Good find bryant_coleman.  That is an interesting find indeed, I think this may give some people hope of getting their money back.

[bryant.coleman]

Good find bryant_coleman.  That is an interesting find indeed, I think this may give some people hope of getting their money back.

Well... let's hope so. A lot of pro-Sunlot Holdings and anti-Sunlot Holdings propaganda is going on here in the Bitcointalk. Right now I can decide on which side I should support, though I am inclined towards the former.

[ncerj]

i really wanna Mt. Gox to resurrect and get my money back.

[bryant.coleman]

i really wanna Mt. Gox to resurrect and get my money back.

You will not get all of your money back. At the moment, you can expect for a maximum of 30% of your original funds back. And even that will take a lot of time, may be some 10-12 months.