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

Last updated on September 5th, 2016 at 11:31 pm

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.

Maria Santos

Maria is an experienced journalist currently living in the UK. She has been writing about Bitcoin and the altcoin universe since 2013. She is also a member of the Lifeboat Foundation's New Money Systems Board and a big cryptocurrency supporter.
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