Group of customers of bankrupt cryptocurrency exchange Mt. Gox intends to address in court with the claim for payment of lost funds in bitcoins.
The lawyers representing the interests of traders, yesterday published an updated version of the basic rules of a civil rehabilitation plan, which must be conducted in accordance with the decision of the Tokyo district court from 22.06.2018.
The first version of the rules was published by the lawyers on June 29, a week after the court decision. At that time, the document stressed that it would be “appropriate” to compensate for the deposits in BTC and BCH in the same volume of the relevant cryptocurrency, and not in Vietnam equivalent.
The updated list includes the addition that specifies the desired order of return of funds through the exchanges, which are former customers of Mt. Gox or which have a simplified registration procedure. In addition, the lawyers insist on full and pay:
“We believe that the majority of assets, including approximately 166 000 168 000 BTC and BCH and other derivatives currently held Mt. Gox should be returned to creditors during the first payment”.
According to CoinDesk, the total value of those assets exceeds $1.3 billion. In the case that the civil rehabilitation plan is approved, payments should begin in may-June of 2019.
Currently, the lawyers gather further comments and proposals on the rehabilitation plan to be submitted to the court in February 2019.
In addition, the rules stated that other crypto currencies held by the Mt. Gox, must be taken in Fiat and also paid to the creditors due to the high volatility and security issues. Lawyers are also singled out as a separate rule to clause stating that the shareholders are not entitled to any part of these sums.
Mt. Gox declared bankruptcy in 2014, after stealing more than 744 000 BTC. In November last year, some former customers of the exchange sent a petition to the district court of Tokyo, urging Japanese authorities to review the disposition of the remaining funds to replace the elimination of the civil rehabilitation. Insisted on it, and mark Karpeles (Mark Karpeles), former CEO of Mt. Gox. Prior to formal consideration of the petition a significant portion of BTC and BCH were eliminated the court-appointed Trustee, Nobuaki Kobayashi (Nobuaki Kobayashi). In General, we are talking about more than 90 000 BTC and more than 50,000 BCH.
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