Choosing the right exchange is important！ Mt. Gox’s trustee Nobuaki Kobayashi has at last filed a draft plan for the rehabilitation of creditors including former users.

Virtual currency is a type of unregulated digital currency, which is issued and usually controlled by its developers and used and accepted among the members of a specific virtual community. It is important because of this that choosing a safe and reliable exchange platform for holders.

Posted on the Mt. Gox website Tuesday, the trustee's announcement states: “The Tokyo District Court and an examiner will review the draft rehabilitation plan and determine whether to proceed with the rehabilitation proceedings relevant to the draft rehabilitation plan."

While there are no details provided on the plan, the announcement marks the beginning of the end for users who have been waiting for refunds since 2014 when the exchange collapsed.

The submission deadline for the rehabilitation had previously been pushed back a number of times after opposition from some creditors.

In 2014, Mt. Gox declared bankruptcy after hackers allegedly stole 850,000 bitcoins from its servers over a period of time.

The Mt. Gox estate comes from 200,000 bitcoins found in an old wallet after the exchange collapsed, as well as bitcoin cash created in a fork of the bitcoin blockchain.
At last count, it is estimated Mt. Gox still holds approximately 141,600 bitcoin (BTC, +1.13%) and 142,800 bitcoin cash (BCH, +3.93%).

Bityard is committed to providing users with high-security and high-compliance crypto trading services, and has obtained legal financial licenses issued by the Business Administration of Singapore (ACRA), the United States Financial Supervisory Authority (MSB), the Australian Transaction Reporting and Analysis Center (AUSTRAC) and the Estonian Financial Regulatory Authority (MTR).