Share this article

Mt. Gox Civil Rehabilitation Voting Ends Friday

Claimants have been able to vote since May on whether or not they will accept the reimbursement proposal.

Updated May 11, 2023, 5:46 p.m. Published Oct 6, 2021, 3:33 p.m.

The Mt. Gox civil rehabilitation voting deadline to reimburse victims who lost money from hacks to the cryptocurrency exchange ends this Friday.

Mt. Gox was hacked repeatedly from 2012 to 2014, eventually driving the exchange into insolvency.
In May, the trustee presiding over the Mt. Gox civil rehabilitation case opened the voting on how to partially reimburse victims who lost money to the in hacks dating back nearly a decade.
Those who don’t vote are deemed to have voted against the proposal, according to the trustee. A minimum threshold of 50% of votes is required in order for the proposal to pass, so there is a chance the proposal could fail even if the majority of votes actively cast vote in favor of acceptance.

More For You

DeFi is not really decentralized, it is unavoidably centralized

8 minutes ago

Rules are required to ensure DeFi projects grow and mature, which means they need layers of centralization before becoming truly decentralized. .

What to know:

A panel at Consensus Hong Kong 2026 argued that most DeFi protocols must pass through a pragmatic, temporarily centralized “incubation phase” before they can safely decentralize.
Speakers contrasted Ethereum’s base layer as a neutral “government” with layer 2 founders acting like growth-focused businesses that use admin keys and guardrails to protect young protocols from early exploits.
Industry leaders said institutional adoption will require professional, rule-based infrastructure that sacrifices some early-stage decentralization so protocols can mature and withstand scrutiny from global financial markets.