Mt. Gox Trustee Sets January 2023 As Deadline for Creditors To Register and Select Repayment Method

On Oct 10, 2022

A trustee of defunct crypto exchange platform Mt. Gox is setting a date for creditors to register and choose their preferred reimbursement method.

According to a recent company press release, those owed money by Mt. Gox have until January 10th next year (Japan time) to complete the initial steps of the repayment procedures.

The document also states that those who fail to register online on or before the deadline will not receive the early lump sum repayment as well as reimbursement for a portion of cryptocurrency rehabilitation claims in digital assets. Their only option to claim their funds is to visit the Mt. Gox headquarters or another designated location in person and accept payment in Japanese yen.

Fellow crypto exchange platform Bitstamp has recently announced that it is supporting Mt Gox’s repayment efforts.

“Bitstamp is pleased to announce that we are supporting the rehabilitation process for Mt. Gox creditors. Rehabilitation creditors who choose Bitstamp as their cryptocurrency exchange will receive the rehabilitation assets via their Bitstamp account.”

However, Mt. Gox creditors in several nations, including Iran, Cuba, North Korea, South Korea, Syria, China, Japan, Singapore, Macao Special Administrative Region and parts of Ukraine are unable to obtain their funds via Bitstamp due to the trading platform’s prior regulatory commitments.

Mt. Gox, which went bankrupt in 2014 after being hacked, announced in July its plans to disburse repayments to former customers in accordance with its bankruptcy rehabilitation plan.

This article first appeared on DailyHODL