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Mt Gox claimants have until October to vote on trustee’s resettlement proposal – Bitcoin News


Nobuki Kobayashi, the trustee overseeing Mount Gox civil resettlement proceedings, has published a motion so that Mount Gox claimants can vote to receive reimbursement. The voting process will end on 8 October and more than 50% of the votes will be required to strengthen the settlement plan.

Mount Gox civil resettlement voting process begins

Victims of the infamous Mount Gox breach may have a chance to obtain some funding after all these years. That’s what happens when Tokyo-based bankruptcy officer Nobuki Kobayashi’s resolution is passed majority. Those who do not vote will be submitted as a “new” vote.

“If you do not vote, you will be deemed to have voted against the draft resettlement plan for the amount of voting rights required,” the letter published on May 31 notes.

Kobayashi’s letter further notes:

We are pleased to inform you that the online voting function has been rolled out on the Online Rehabilitation Claim Filing System- In addition to online voting in favor or against the draft resettlement plan, it is anticipated that the system will be used by the creditors to achieve The process will be done for repayment in future.

Mt Gox bitcoin claims much higher than 7 years ago

If the vote is passed by a majority, the resettlement plan will be final and binding on the Tokyo District Court. “The rehabilitation plan will come into effect, and the repayment will be made in accordance with the rehabilitation plan,” the letter emphasized.

Upon approval of the draft of the Rehabilitation Plan and the confirmation order of the Tokyo District Court is final and binding, the Rehabilitation Plan shall become effective, and repayment shall be made in accordance with the Plan. In addition, voting forms and other documents will be sent to creditors, Kobayashi details.

It has been seven years and three months since the collapse of the famous Japanese crypto exchange. total 850,000 B T c ($29.5 billion) was stolen and 200,000 B T c ($7.3 billion) was recovered by the company after it went bankrupt. Creditors’ accounts are worth much more than in 2014, and many of them are expected to be reimbursed B T c, While some Mount Gox victims have already sold their claims.

What do you think about the Mount Gox voting process for reimbursement? Let us know what you think about this topic in the comment section below.

Tags in this story

Bitcoin, bitcoin (btc), B T c, Claimants, creditors, Exchange hacked, Japan, Mount Gox Rehabilitation Scheme, nobuki kobayashi, settlement plan, Tokyo, Tokyo District Court, vote, vote

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