Log in

News

Voting on a motion to reimburse Mt.Gox victims commences

Updated: Aug 31, 2024
Published: Jun 1, 2021
0
Share:

The voting on a proposal to reimburse victims of the Mt. Gox crypto exchange hack has commenced, with a majority vote needed for the proposal to pass.

Post Feature Image

Mt. Gox victims could get reimbursed

The Mt. Gox cryptocurrency exchange suffered one of the worst hacks in the crypto space, losing roughly 850,000 bitcoins in the process. Seven years later, the trustee presiding over the Mt. Gox civil rehabilitation case has initiated a vote that could see the attack victims get their funds back.

From yesterday, claimants were given a chance to vote on whether they would accept the civil rehabilitation proposal or not. According to the press release, the trustees are acting based on an order issued by the Tokyo District Court. “The court issued an order under which creditors may vote for or against the Draft Rehabilitation Plan. We are pleased to inform you that the online voting function has been released on the online rehabilitation claim filing system,” the press release added.

The claimants have until October 8 to cast their vote. The trustee said claimants who refuse to vote would be deemed to have voted against the Draft Rehabilitation Plan. The trustee also added that a minimum of 50% of votes is required for the proposal to pass. This implies that the proposal could still fail even if most of the casted votes are in support of the acceptance.

“The voting form and other documents will be mailed to creditors with voting rights to their addresses provided in the proofs of claims that they filed,” the trustee added.

Reimbursement could lead to massive BTC sale

The Mt. Gox attack was one of the biggest in the crypto space, with the exchange filing for bankruptcy shortly after the hack. If the victims are paid their entire bitcoins or part of it, the Bitcoin market could experience a massive sell-off. This is because the victims have been forced to Hodl the cryptocurrencies for years (when BTC was trading below $1,000.)

The crypto space has been plagued with numerous hacks and attacks over the past decade. However, the Mt. Gox attack remains perhaps the most significant since the market was still in its early stages.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
Passive income: 2 single-sided yields on SOL with up to 70% APY
PRO
Research Report
Passive income: 2 single-sided yiel...We came across two yield setups on Solana that just make sense: easy to run, strong returns, and ful...
7 min read
Oct 29, 2025
Altcoin Scanner: Daily Trading Ideas
PRO
Market Direction
Altcoin Scanner: Daily Trading Idea...The altcoin market is waking up. After weeks of quiet price action, momentum is shifting and several...
4 min read
Oct 28, 2025
BTC, ETH and More: Bullish Breakouts and Critical Resistance Tests
PRO
Market Direction
BTC, ETH and More: Bullish Breakout...The majors broke upside on positive macro news, now testing key resistances. Watch for bullish conti...
8 min read
Oct 27, 2025