- A judge in the collapsed online bitcoin trading platform Mirror Trading International’s liquidation case has issued a provisional liquidation order that outlines the criteria to be used when reimbursing investors.
- The judge’s provisional order requires liquidators to designate bitcoin as an “intangible asset” that constitutes property.
- When the funds are recovered, investors in this class will also be allowed to prove their claims arising from the initial investment in MTI “but not in respect of profit”.
Report: Judge in MTI Liquidation Case Issues Order Designating Bitcoin an Intangible Asset
