Mt. Gox trustee sets registration deadline of Jan. 10 for rep | Altcoin Holder
Mt. Gox trustee sets registration deadline of Jan. 10 for repayment selection.
Users of the Mt. Gox exchange may be one step closer to getting their funds back after trustee Nobuaki Kobayashi announced the options for repayment.
Creditors from the defunct crypto exchange Mt. Gox have until January 2023 to register and select a repayment method as part of the plan by which they will be compensated for their losses.
According to an Oct. 6 announcement from Mt. Gox trustee Nobuaki Kobayashi, creditors have until Jan. 10 to select a repayment method and to register payee information in an online rehabilitation claim filing system to be paid through bank remittance, fund transfer service provider, a cryptocurrency exchange or custodian. Kobayashi’s update is the latest development in a rehabilitation plan that began with a 2018 petition to compensate Mt. Gox creditors for their lost funds following the exchange’s collapse in 2014.
“If you do not complete the necessary Selection and Registration, you will not be able to receive any of the Repayments below, and you will need to bring the required documents to the MTGOX Co., Ltd. head office or other place designated by the Rehabilitation Trustee and receive Repayment in Japanese yen,” said the notice. “If you are unable to receive such Repayment, the Repayment amount will be deposited with the Legal Affairs Bureau.”
Crypto exchange Bitstamp announced it will be one of firms supporting the repayment plan.
