Coindesk Logo
FinanceFinanceFinance

Mt. Gox Civil Rehabilitation Voting Ends Friday

Mt. Gox Civil Rehabilitation Voting Ends Friday

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.

Claimants have been able to vote since May on whether or not they will accept the reimbursement proposal.

Claimants have been able to vote since May on whether or not they will accept the reimbursement proposal.

By Tanzeel Akhtar
AccessTimeIconOct 6, 2021, 3:33 PM
Updated May 11, 2023, 5:46 PM
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.

STORY CONTINUES BELOW

Recommended for you:

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Tanzeel Akhtar

Tanzeel Akhtar is a reporter based in London,UK.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about
Mt. Gox