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.

Oct 6, 2021 at 3:33 p.m. UTC
Updated Oct 6, 2021 at 5:26 p.m. UTC

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.

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Tanzeel Akhtar is a CoinDesk news reporter based in Europe.