In relation to crypto exchange Mt.Gox could begin the rehabilitation process. What does it mean?

In relation to crypto exchange Mt.Gox could begin the rehabilitation process. What does it mean?

What happened?

June 22 at 11:00 GMT, in the district court of Tokyo held a hearing about changing the case of proceedings in respect of a closed cryptocurrency exchange Mt.Gox. Lenders crypto-exchange has asked the court to change the status of the case with "bankruptcy" for "civil rehabilitation".

On the official website enclosed crypto-exchange Mt.Gox appeared relevant document.

And why change "bankruptcy" for "civil rehabilitation"?

First of all, rehabilitation provides, the"freeze" execution against the debtor of any kind of judicial acts. At the moment, Mt.Gox pays out to creditors approximately $450 for a single bitcoin (that was the exchange rate of bitcoin at the time of breaking of the exchange). It is obvious that many owners of cryptocurrency capital has not satisfied such calculation, as the price of bitcoin at the time of writing is $6166, what can we say about the records of December 2017.

It turns out that Mt.Gox will pay their debts in the form of bitcoin?

There is no single answer. However, such an issue was raised in document on the website of Mt.Gox, which says that "questions the nature of the method and date of payment in the process of civil rehabilitation will be determined in the rehabilitation plan".

And when is actually identified rehabilitation plan?

The deadline for submission of the rehabilitation plan Mt.Gox is scheduled for February 14, 2019. However, the first meeting of creditors, which will discuss the plan for the rehabilitation of Mt.Gax will take place on 26 September 2018 in the district court of Tokyo at 19:30 GMT.

Рейтинг: 5/5 - 2 голосов

Tags