Bitcoin traders agree to settlement in Mt. Gox class-action suit

 Plaintiffs in two class-action suits charging the embattled Bitcoin exchange Mt. Gox with fraud have agreed to a settlement, and new plans to revive the exchange have been drafted.

Earlier this year a class-action suit in Illinois was filed against Mt. Gox, following reports revealing the theft of some 850,000 bitcoins — worth hundreds of millions of dollars — due to a hacking attack. The exchange subsequently filed for liquidation with a Japanese court.