Mt Gox will return part of the stolen bitcoin if the recovery plan is approved.

Bandera de Japón con bitcoin y logo de MTGox.
Key Facts:
  • Those affected will be able to claim up to 90% of the remaining bitcoins on the bankrupt exchange.

  • At least 50% of the contenders must participate to complete the scheme.

The trustees of the Mount Gox exchange reported that victims of the 2014 hack can now vote for or against a draft plan to recover part of their lost bitcoin (BTC).

Information was published in this letter may 31, reporting on the resolution of the Tokyo District Court issued on February 22 of this year.

Nobuki Kobayashi, managing attorney of the Fund of Bankruptcy Exchange, reports in the letter. Voting deadline, which will be October 8 this year.

Terms of the procedure for recovering bitcoins

The document also reports that Contenders who do not vote will be considered to vote against the scheme, except as needed At least 50% participation regarding acceptance of the offer.

The lawyer asks affected people to register in the system where they can review information on the proposed recovery plan. This record will also work for the reimbursement process.

Kobayashi indicates that, “once the draft resettlement plan is approved and the Tokyo District Court confirmation order is final and binding, the resettlement plan will become effective and reimbursement will be made in accordance with the resettlement plan.” .

Biggest bitcoin hack in history

mount gox It was the largest cryptocurrency exchange in the world and handled over 70% of all transactions. Bitcoin. A total of 1.35 million BTC suffered multiple hacks. The latest attack in February 2014, which went down in history as the biggest exchange hack ever, lost more than 850,000 BTC. More than 20,000 users have claimed their refund.

Posted by Mount Gox on February 25 document Where he explained the assignment of procedure to lawyer Kobayashi and the Tokyo District Court resolution issued a few days earlier, a fact that Reported by cryptonoticious.

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