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Mt. Gox would refund part of stolen bitcoins if recovery plan is approved

The trustee of the Mt. Gox exchange, reported that the victims of the 2014 hack can now vote for or against the draft plan to recover part of their lost bitcoins (BTC).

The information was published in a letter on May 31, reporting on the resolution of the Tokyo District Court issued on February 22 of this year.

Nobuaki Kobayashi, managing attorney of the bankrupt exchange funds, informs in the letter about the voting deadline, which will be October 8 of this year .

The process conditions to recover the bitcoins

The document also informs that claimants who do not vote will be considered as votes against the plan , in addition to requiring at least 50% participation for the proposal to be accepted.

The lawyer asks those affected to register n in the system where they can review the information about the proposed recovery plan. This record will also serve for the refund procedure.

Kobayashi indicates that , “Once the Draft Rehabilitation Plan is approved and the Tokyo District Court confirmation order is final and binding, the Rehabilitation Plan will enter into force and reimbursements will be made in accordance with the Rehabilitation Plan.”

The biggest bitcoin hack of history

Mt. Gox was the largest cryptocurrency exchange in the world and managed more than 70% of all Bitcoin transactions. Suffered several hacks totaling 1.35 million BTC . The latest attack in February 2014, went down in history as the largest exchange hack to date, losing more than 850,000 BTC . More than 20,000 users have claimed their reimbursement.

On February 25, Mt. Gox published a document in which it communicated the assignment of the process to the lawyer Kobayashi and the resolution of the Tokyo District Court issued a few days before, a fact that was reported by CriptoNoticias.

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Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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