Nobuaki Kobayashi, the trustee overseeing the civil rehabilitation process in Mt Gox, has posted a proposal to allow applicants in Mt Gox to vote to receive a refund. The voting process ends on October 8th and more than 50% of the votes are required to consolidate the settlement plan.
The voting process for civil rehabilitation in Mt Gox begins
Victims of the infamous Mt Gox burglary might get a chance to get some cash after all these years. This will be the case if Tokyo-based bankruptcy officer Nobuaki Kobayashi’s proposal is accepted by a majority of votes. Anyone who does not vote is cast as a “no” vote.
“If you do not vote, it will be assumed that you voted against the draft rehabilitation plan on the amount of voting rights,” the letter posted on May 31 said.
Kobayashi’s letter includes further notes:
We are pleased to announce that the online voting function has been released for the online rehabilitation claim submission system. In addition to voting online for or against the draft rehabilitation plan, the system is expected to be used by creditors for the process of receiving repayments in the future.
Mt Gox Bitcoin claims to be worth a lot more than it was 7 years ago
If the majority vote passes, the rehabilitation plan becomes final and binding on Tokyo District Court. “The rehabilitation plan will come into effect and the repayments will be made according to the rehabilitation plan,” the letter emphasizes.
Once the draft rehabilitation plan is approved and the Tokyo District Court Confirmation Order becomes final and binding, the rehabilitation plan will take effect and repayments will be made in accordance with the plan. In addition, voting forms and other documents will be sent to the creditors, details from Kobayashi.
Seven years and three months have passed since the collapse of the famous Japanese crypto exchange. A total of 850,000 BTC ($ 29.5 billion) was stolen and 200,000 BTC ($ 7.3 billion) was reclaimed after the company filed for bankruptcy. Creditors’ accounts are worth a lot more than they were in 2014, and many of them are hoping to be reimbursed in BTC while some Mt Gox victims have already sold their claims.
What do you think of the reimbursement voting process in Mt Gox? Let us know what you think on this matter in the comments section below.
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