Mt. Gox publishes "comprehensive prohibition order" sent by the Tokyo District Court

Last updated on January 2nd, 2018 at 12:00 am

There is a new update on the Mt. Gox case. The Japan-based exchange, which recently filed for bankruptcy protection, received a comprehensive prohibition order from the Tokyo District Court during this week and posted the information online.

No forced execution or preliminary attachment or disposition shall be made by a rehabilitation creditor on the basis of a rehabilitation debt with regard to the properties of the rehabilitation debtor during the period until a decision shall be made with regard to the application for commencement of civil rehabilitation”, says the court, considering the company’s case.

This means that no creditor or claimer will have priority before the Japanese court declares its final decision. In other words, Mt. Gox’s assets are untouchable until the court says otherwise.

The order was welcomed with open arms by the Bitcoin community, but especially by the former clients of the exchange, who keep looking for a possible way to recover their BTC.

newest oldest most voted