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Mt. Gox creditors to receive billions in Bitcoin after rehabilitation plan’s approval
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ambcrypto.comNearly a decade after it was initially hacked, thousands of Mt. Gox exchange’s creditors will now be able to receive compensation for the billions of dollars they lost at the time. The aforementioned hack resulted in the loss of around 850,000 Bitcoins between 2011 and 2014, pushing the cryptocurrency exchange into bankruptcy in 2014.
A trustee of the now-defunct Japanese exchange, Nobuaki Kobayashi, announced on Wednesday that a draft rehabilitation plan, originally filed in the Tokyo District Court in February, has now been approved by around 99% of the affected creditors.
He further added that “approximately 83% of the total amount of voting rights was exercised in favor of the Draft Rehabilitation Plan.”
Once enacted, the plan will allow
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