Users of Mt. Gox supported a plan to compensate for lost bitcoins

in #mtgox3 years ago

Creditors of the defunct bitcoin exchange Mt. Gox approved the project version of the civil rehabilitation plan. This was announced by the trustee of the site Nobuaki Kobayashi.

A court in Japan initially approved a petition to begin the civil rehabilitation process in June 2018. This was necessary in order for users to receive payments according to the fair value of assets, and not at the 2014 exchange rate, as the bankruptcy procedure suggests. Subsequently, the terms of approval of the decision were repeatedly postponed for various reasons, until at the end of last year the court allowed the civil rehabilitation plan to be put to a vote. The document describes the procedure according to which former users of the exchange will be able to receive at least partial compensation for the assets left on it.

Creditors had to take part in the vote from May 31 to October 8, and more than 50% of them were required to participate in the approval of the proposal. According to Kobayashi, about 99% of affected users took part in the vote, and about 83% supported the proposal.

The document is subject to approval in the second half of November, after which creditors will be asked to take further steps to receive compensation, including specifying information about bank accounts.
"Depending on the situation, the approval of the plan is expected in about a month," Kobayashi writes. - Then the trustee will make payments in favor of creditors according to the plan."
At the time of closing, about 850,000 BTC worth $460 million then and $56 billion now remained in the wallets of the exchange. Presumably, 150,000 BTC remains for compensation. The number of users applying for payments is about 24,000 people. Kobayashi does not give the exact terms of payments.

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