The end of a long journey is finally in sight for the thousands of creditors who lost funds in the infamous Mt. Gox exchange hack. Today, the Rehabilitation Trustee, Nobuaki Kobayashi, issued a statement acknowledging that the plan to reimburse victims has been accepted by the requisite number of voting participants.
- The Civil Rehabilitation plan was first proposed in February of 2021. It laid out a scheme by which victims would be at least partially compensated for funds lost in the hack.
- Creditors were able to vote on the proposal between May 31 and Oct. 8. At least 50% of eligible voting shares needed to be cast in favor of the proposal for it to pass.
- According to today’s statement, “approximately 99% of the voting rehabilitation creditors voted for the Draft Rehabilitation Plan, and approximately 83% of the total amount of voting rights was exercised in favor of the Draft Rehabilitation Plan.”
- The plan will become finalized on Nov. 20. and creditors will be able to take further steps to finally receive their funds.
- Kobayashi expressed “sincere gratitude to all involved parties for their understanding and support, which led to the approval of the Draft Rehabilitation Plan by a large majority of rehabilitation creditors and the confirmation order of the Rehabilitation Plan.”
Read more: Mt. Gox Voting Deadline for Creditors Ends
