Mt. Gox Civil Rehabilitation Voting Deadline Ends Friday
Posted On October 6, 2021
The Mt. Gox civil rehabilitation voting deadline to reimburse victims who misplaced cash from hacks to the cryptocurrency exchange ends this Friday.
- Mt. Gox was hacked repeatedly from 2012 and 2014, finally driving the exchange into insolvency.
- In May, the trustee presiding over the Mt. Gox civil rehabilitation case opened the voting on how one can partially reimburse victims who misplaced cash to the in hacks courting again practically a decade.
- Those who don’t vote are deemed to have voted towards the proposal, based on the trustee. A minimal threshold of fifty% of votes is required to ensure that the proposal to cross, so there’s a probability the proposal might fail even when the vast majority of votes actively solid vote in favor of acceptance.