Mt. Gox Enters CIVIL REHABILITATION - Hope for Creditors
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Creditors associated with the failed Mt. Gox Cryptocurrency exchange are getting a bit of good news today, as a petition to move the company from bankruptcy to civil rehabilitation. That basically means the creditors owed money will have some recourse on getting back the lost capital. One of the Mt.Gox trustee's has publicly said he does not want the funds and will support this petition in order to pay back creditors. Mt. Gox seems to be a cryptocurrency bear market scapegoat, with the likely price retracements due to sell-offs of BTC, BCH and other assets always being called into play for whatever reason. This might be good news, and could spark some rebound in the market - hopefully a full trend reversal is coming soon.
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