Defunct Japanese bitcoin exchange Mt Gox Tokyo bankruptcy court trustee Nobuaki Kobayashi has issued a letter stating that creditors have until March 10, 2023 (Japan Time) to register their refund requests. Kobayashi explained that the team is dealing with “many questions” and may not be able to respond in a timely manner to creditors who have questions about the process.
Mt Gox Trustee Shares Deadline for Creditor Registration
based in Shibuya bitcoin The Mt Gox saga seems to be drawing to a close, as the stock exchange’s rehabilitation committee and bankruptcy trustee outline a repayment process. The exchange, which started operations in 2010, suspended its operations in February 2014 and filed for bankruptcy after 800,000 BTC was stolen. Since then, 200,000 BTC has been recovered. This amount, along with Bitcoin Cash (BCH) funds tied to Bitcoins, is used to repay Mt Gox creditors.
In a letter dated March 7, 2023, Kobayashi stated that creditors must register their claims by March 10, 2023 (Japan Time), and that those who miss the deadline will “not receive any of the refunds” outlined in the letter. Early lump sum payment among repayment methods, cryptocurrency There are options such as payment in unit, bank transfer payment and payment through a fund transfer provider. The trustee sold 35,841 BTC and 34,008 BCH in 2017 and 2018, and some creditors will be paid in fiat.
People can make inquiries on the Mt Gox claim portal. But the letter warns that the Mt Gox rehabilitation team “may not be able to respond in a timely manner.” According to the rehabilitation committee’s documents, the remaining Mt. Gox creditors have access to 69 billion yen worth $510 million, 142,000 BTC worth $3.1 billion using current exchange rates, and 143,000 BCH worth $17 million using current exchange rates.