The trustee of MtGox said the draft civil rehabilitation plan for the distribution of assets has been approved by a Tokyo court and must now be voted on by the exchange’s creditors.
A new civil rehabilitation plan was approved by a Tokyo court on February 22, according to a document released by MtGox trustee Nobuaki Kobayashi. Now the exchange’s creditors must vote for the plan. Voting will take place online, by mail and in person, and the decision will be announced at a meeting of creditors on October 20, 2021.
The date of fixing the lists of voting creditors is March 24. According to the draft civil rehabilitation plan for the distribution of assets of the MtGox exchange, the priority will be those creditors to whom the exchange must compensate for losses in fiat currency and small amounts.
Claiming creditors will receive the assets in their original deposited form if they are fiat currencies, BTC or BCH. Other assets will be liquidated and paid to creditors in fiat currency. Earlier, the editorial staff of Bits.media prepared a detailed analysis of the new rehabilitation plan.
Recall that in December, Nobuaki Kobayashi submitted to the court a plan for the distribution of the assets remaining in the wallets of the exchange, and on January 15, MtGox creditors received a notice of filing a new rehabilitation plan. Lenders have been waiting for a decision on compensation since 2014, when 850,000 BTC was stolen from the exchange.
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