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After failing to source additional funding, blockchain company Factom has begun the process of being liquidated. In an April 2 notice to investors, Factom’s largest investor FastForward announced the “dissolution event”: "The Company has been notified by the directors of Factom that in a board meeting on 31 March 2020 they
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The New York-based private equity firm Fortress has issued a "premium" offer to buy out creditor claims from the now-defunct Mt. Gox exchange. In a letter said to be sent by Fortress managing director Michael Hourigan on Monday, the company said it was offering creditors with large claims at a
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Fortress has reportedly issued a new – and lower – buyout proposal for claims from the creditors of defunct cryptocurrency exchange Mt. Gox. According to a one-page proposal obtained by Bloomberg, Fortress is offering Mt. Gox creditors 70 percent of their account value. Based on the current price of
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