For several months, affected customers have been able to have their say on how the funds should be distributed.
Victims who lost Bitcoin in the notorious Mt. Gox hack have one day left to vote on a rehabilitation plan that could see them receive a payout.
Why This Matters
It’s been more than seven years since the Mt. Gox hack, which remains the biggest and most audacious theft of Bitcoin in the cryptocurrency’s 12-year history.
The rehabilitation plan could create a number of crypto millionaires overnight — and there are concerns about what this could potentially mean for Bitcoin’s price.
Some analysts fear that victims could opt to sell their BTC immediately after being compensated, and that this selling pressure could cause the digital asset’s value to fall.
In a message to creditors, the Mt. Gox Legal group said:
“The chance to finally recover something from the Mt. Gox debacle is now, and the way is to approve the civil rehabilitation plan in the ongoing vote.”
A major worry centers on the fact that victims could end up receiving far less if the rehabilitation plan doesn’t pass — meaning Mark Karpeles, who was the exchange’s CEO, would end up trousering a surplus worth billions of dollars.
In a recent interview with Yahoo! Finance, Karpeles suggested that he would continue the fight to compensate creditors if this happened — potentially by taking Mt. Gox out of bankruptcy and distributing assets to account holders directly.