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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, 5:46 p.m. Published Oct 6, 2021, 3:33 p.m.

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.

Mt. Gox

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.