The Mt. Gox rehabilitation plan is now “finalized”


After confirmation by the Japanese court, the restoration plan to compensate creditors of the now-defunct cryptocurrency exchange Mt. Gox has now been completed.

According to the announcement made by Nobuaki Kobayashi, the trustee of Mt. Gox, on November 16, the initial rehabilitation plan Archive The February trial at the Tokyo District Court is now “final and binding.” The confirmation order of the Japanese court system restoration plan is one of the last steps in the long process that began with the request for compensation to the creditors of the exchange in 2018, which went bankrupt in early 2014.

Kobayashi said that he will keep in touch with the repayment details of the “specific time, procedure and amount” of creditors who have filed claims under the approved plan. Although it is unclear whether the payment will be made in Bitcoin (Bitcoin) Or a decree, the announcement stated that creditors may need to register their bank account information on the website to get paid, otherwise they may “encounter difficulties.”

Kobayashi’s update was made after thousands of Mt. Gox users voted on October 8th, and the losses of these users are estimated to be worth billions of dollars.Approximately 99% of creditors were affected by the collapse of Japanese cryptocurrency exchanges Approve the draft recovery plan, The claimant voted in favor of about 83% of the total voting rights.

Users who file a claim can receive funds fairly quickly, because Kobayashi hinted in October that a “final and binding” ruling was the last major obstacle in the compensation process.However, some of the victims of the exchange’s collapse have Report Infrequent communication about the rehabilitation plan leads to doubts about the time of repayment:

related: If Mt. Gox creditors fail to vote by Friday, they may get nothing

Mt. Gox was first launched by programmer Jed McCaleb in 2010 and was later acquired by Mark Karpelès. It was one of the largest exchanges in the world in the early days of cryptocurrency. A hack in 2011 and the subsequent collapse of the exchange affected nearly 24,000 creditors-mainly those holding cryptocurrencies.

These events resulted in a loss of 850,000 BTC, which was a loss of US$460 million at the time and a loss of US$51 billion at the time of publication.However, according to reports, Kobayashi Approximately 150,000 BTC To repay creditors.