The court approved a plan for reimbursing bitcoins to MT creditors.Gox

The Tokyo District Court approved a civil rehabilitation plan for the bankrupt bitcoin-birgi MT.Gox. This was announced by the trustee of Nobuyaki Kobayashi.

The trustee submitted an offer to reimburse funds to users in December 2020. In January, the details of the plan became known, and in February the court approved it for subsequent voting.

It started on May 31 and ended on October 20. About 83% of the exchange users supported the compensation proposal.

According to Kobayashi, on the same day the court issued a decision to confirm the plan.

“Further on November 16, 2021, the rehabilitation plan became final and obligatory for execution,” the trustee wrote Корейський Hyundai .

The terms and amounts of payments, as well as the details of the procedure, he will reveal later.

MT.GOX announced bankruptcy in 2014. The process of reimbursing funds to creditors was launched in 2018. Since that time, many in the community have expressed concerns that about 150,000 BTC (~ $ 91 billion at the current rate), which will potentially be transferred to users of the exchange, will go to the market and cause its collapse.

The final approval of the rehabilitation plan by the court led to the resume of the discussion of this topic.

“When more than 150,000 BTC will soon fall on the market, Bitcoin will probably fall by more than 80-90%. No number of Tether can stop the massacre at MT.Gox, ”wrote the author of the popular MR Twitter account. Whale.

According to him, the exchanges are returned to customers bitcoins, which they owned at prices $ 100- $ 1000. On November 16, digital gold failed $ 59,000, but at the time of writing it is held above $ 60,000.

“They will undoubtedly sell, which will cause serious collapse,” Mr said. Whale.

Recall that earlier the investment company Fortress Investment Group offered MT creditors.Gox redundant their requirements for 80% of the cost.