Post
Topic
Board Exchanges
Merits 3 from 2 users
Re: MtGox withdrawal delays [Gathering]
by
HI-TEC99
on 21/10/2021, 14:58:37 UTC
⭐ Merited by JayJuanGee (2) ,vapourminer (1)
Does this mean they will start paying people some bitcoins back soon, or could the coinlab claim still put everything on hold?

https://coinmarketcap.com/alexandria/article/mt-gox-rehabilitation-plan-approved

Quote
A rehabilitation plan that would reunite Mt. Gox victims with billions of dollars has been overwhelmingly approved.

A whopping 99% of affected creditors cast a vote on the proposals, with 83% saying they were in favor of the plans that had been put forward by the trustee.

The outcome of the ballot is expected to be finalized in a month’s time — and from here, repayments will begin to be made.

Have the creditors approved its plan?

https://www.bloomberg.com/news/articles/2021-01-15/coinlab-reaches-deal-with-mt-gox-trustee-over-bitcoin-claims

Quote
Creditors seeking to regain Bitcoin lost on the Japanese exchange Mt. Gox in 2014 have a chance to get their digital assets back before legal claims are settled.

CoinLab Inc. said an agreement with Nobuaki Kobayashi, the trustee to the Mt. Gox bankruptcy, and MGIFLP, a unit of Fortress Investment Group LLC, will allow creditors to consider an offer of as much as 90% of the remaining Bitcoin tied up in the bankruptcy.

The plan must be approved by creditors and investors aren’t obligated to take the early payment and can wait for the lawsuits to settle