Mt. Gox Civil Rehabilitation Voting Ends Friday
Claimants have been able to vote since May on whether or not they will accept the reimbursement proposal.
Updated May 11, 2023 at 5:46 p.m. UTC
![Mt. Gox logo (Shutterstock)](https://www.coindesk.com/resizer/wSsDsz10p6crGO0iqmOvU3zZ6gU=/567x380/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6OHBYXUQTRGCJG6R2IQH4Q6DR4.jpg)
The Mt. Gox civil rehabilitation voting deadline to reimburse victims who lost money from hacks to the cryptocurrency exchange ends this Friday.
- Mt. Gox was hacked repeatedly from 2012 to 2014, eventually driving the exchange into insolvency.
- In May, the trustee presiding over the Mt. Gox civil rehabilitation case opened the voting on how to partially reimburse victims who lost money to the in hacks dating back nearly a decade.
- Those who don’t vote are deemed to have voted against the proposal, according to the trustee. A minimum threshold of 50% of votes is required in order for the proposal to pass, so there is a chance the proposal could fail even if the majority of votes actively cast vote in favor of acceptance.