The decision follows an Oct. 8 vote from thousands of Mt. Gox users whose losses are estimated to be worth nearly $10 billion dollars.
Kobayashi said the distribution of the assets likely wouldn’t begin for at least a month, once the rehabilitation plan became “final and binding.” He added creditors should soon expect to register their bank account details on the website to receive remuneration.
For perspective, the total amount of Bitcoin that’s expected to be returned to Mt. Gox victims would be more Bitcoin than every single institution has combined. If the coins were in a single wallet, it would also be the 3rd largest Bitcoin wallet ever.
I’ll be updating everyone on future news regarding the Mt. Gox Rehabilitation plan, which is finally speeding up. The victims of this “hack” aka inside job exit scam deserve to recover their losses.