He added that he hoped the voting still goes through and the rehabilitation plan gets approved because, otherwise, some creditors fear that instead of civil rehabilitation, the process would revert to the Mt. Gox bankruptcy, which its CEO, Mark Karpeles, filed for soon after the exchange became insolvent. Source link … [Read more...] about Mt. Gox Voting Deadline for Creditors Ends
The trustee of defunct Bitcoin exchange Mt. Gox announced that creditors have agreed to a $9 billion redistribution package.This would see around 141,000 Bitcoin returned to investors who lost out following the infamous hack in February 2014. While this is welcome news to victims, it still represents a fraction of what was taken.Nonetheless, the return of some Bitcoin would … [Read more...] about Mt. Gox Bitcoin redistribution plan approved, how might the market react?