Voting of creditors of the bankrupt cryptocurrency exchange MtGox for the plan approved by the court for the return of lost assets ends on October 8.
Investors have been awaiting a decision on damages since 2014, when 850,000 BTC were stolen from the MtGox trading platform. Exchange Trustee Nobuaki Kobayashi has repeatedly postponed the plan to distribute cryptocurrencies to affected investors due to “issues requiring closer scrutiny.”
However, in February, a Tokyo court approved a new civil rehabilitation plan that would return assets in their original deposited form to creditors who filed claims if they are fiat currencies, BTC or BCH. Other assets will be sold and paid to creditors in fiat currency. Voting for the adoption of the plan for the distribution of digital assets began on May 31, 2021 and will come to an end on October 8.
About it
reminded to Twitter users, Blockstream CEO Adam Back. If lenders do not vote on the rehabilitation plan, they will be deemed to have voted against the proposal. If less than 50% of creditors vote for compensation, their losses will not be reimbursed. Former MtGox owner Mark Karpelès too
hastened former users of the exchange vote as soon as possible.
“It’s already Friday in Japan, the deadline for voting on the MtGox civil rehabilitation plan. If you haven’t voted yet, please do so now as time zones will end Friday in Japan faster. When Friday comes in the US, it will be too late, ”Karpeles wrote.
BitFlyer founder Yuzo Kano
disagree with a rehabilitation plan, since the bankruptcy procedure was started in 2014, when bitcoin was worth 100 times less. If we take into account today’s BTC rate, the total losses for investors are about $ 45.9 billion. Other lenders are tweeting that they just want their money back and are tired of years of waiting.
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