a time limit for the collapse of creditors bitcoin (btc) exchange mount gox Register your payment method to receive claims, coming Friday this week.
The registration deadline was earlier set for January 10, but was later postponed to March 10.
“Rehabilitation Creditors who have not completed the Selection and Registration by the Deadline will not be able to receive any repayment set forth below,” the Mt. Gox Trustee wrote. Letter earlier this week, listing the following affected payments:
- initial lump sum repayment
- Repayment for a portion of cryptocurrency rehabilitation claims in cryptocurrency
- Repayment by Bank Remittance
- Repayment by remittance through Fund Transfer Service Provider
The letter states that creditors who have not yet registered the payment method they wish to use to receive their money should do so “immediately”.
,[…] There is only a short time left for the deadline to expire,” the letter warned.
The trustee, Japanese lawyer Nobuaki Kobayashi, further explained in the letter that those who have already submitted their payment details are not required to do it again, although they are free to change their payment details until the deadline.
Claims can be received in crypto or fiat
Mt Gox Trustee Basically Creditors asked to submit their payment details In July 2022.
In a letter sent by the trustee at that time, the creditors were also asked whether they would accept bitcoin and/or Bitcoin Cash (BCH)Or not in the form of crypto.
Creditors who opt to receive a portion of their claims in crypto are also asked to enter necessary information for the transfer to be made, including wallet addresses for custodians or exchanges.
It has long been feared that BTC will be released from Mt Gox Trustee due to strong selling pressure in the bitcoin market. The Japanese trustee held a treasure trove of 141,686 BTC, which is worth about $3.1 billion at today’s price.
For comparison, Michael Saylor’s company micro strategy Holds approximately 132,500 BTC.