The voting of MtGox creditors for the rehabilitation plan will end 8 October – Bits Media

The vote of creditors of the bankrupt cryptocurrency exchange MtGox on a court-approved plan to return lost assets ends 8 October.

Investors are awaiting a decision on compensation for losses from 2014 of the year, when it was stolen from the MtGox trading platform 850 000 BTC. Exchange Trustee Nobuaki Kobayashi (Nobuaki Kobayashi) repeatedly postponed a plan to distribute cryptocurrencies to affected investors due to “issues, requiring more careful study."

However, in February, a Tokyo court approved a new civil rehabilitation plan, according to which creditors, who filed the claims, assets will be returned in their original deposited form, if they are fiat currencies, BTC or BCH. Other assets will be sold and paid to creditors in fiat currency. Voting for adoption of the digital asset distribution plan has begun 31 May 2021 year and will come to an end 8 October.

About it
Blockstream CEO Adam Back reminded users on Twitter (Adam Back). If creditors do not vote for the rehabilitation plan, will be considered, that they voted against the proposal. If less people vote to receive compensation 50% creditors, their losses will not be compensated. Former MtGox owner Mark Karpeles (Mark Karpelès) Same
urged former exchange users to vote as soon as possible.

“It’s already Friday in Japan - the deadline for voting on the civil rehabilitation plan MtGox. If you haven't voted yet, do it now, because due to time zones, Friday in Japan will end faster. When does Friday come in the USA?, it will be too late", — Karpeles wrote.

BitFlyer founder Yuzo Kano (Yuzo Kano)
do not agree with the rehabilitation plan, since the bankruptcy procedure was initiated in 2014 year, when did bitcoin cost 100 times less. If we take into account today's BTC rate, total investor losses amount to approx. $45.9 billion. Other lenders tweet, that they just want their money back and are already tired of waiting for many years.