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A U.S judge has okayed a preliminary approval plan to allow MtGox creditors to come to a settlement with two executives from the fallen exchange. These executives are Gonzague Gay-Bouchery, MtGox’s former chief marketing officer, and Jed McCaleb the equity stakeholder. Under the...

When MtGox filed for bankruptcy protection, it cited that it had lost a total of 850,000 bitcoins. Jed McCaleb, the original founder of the failed Bitcoin exchange told Arstechnica that he had lost $50,000 when the exchange fell apart. MtGox had allowed users to hold both US...

John Betts is one of the investors with Sunlot Holdings who has been looking to buy MtGox since January 2013. Sunlot Holdings is offering one Bitcoin (~$500) to buy MtGox, which was at one time the largest and most successful Bitcoin exchange. According to John Betts, creditors...