creditors of dead bitcoins (BTC/USD) Crypto exchange Mt Gox will have to be a little more patient as they await repayment from the rehabilitation trustee.
This is because the court has extended the deadline for selection and registration of a creditor’s preferred repayment method, which includes cryptocurrencyBank Remittance and Fund Transfer.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter today.
Registration Deadline Extended to 10th March 2023
according to a Update Gox trustee Nobuaki Kobayashi, the court allowed an extension of the deadline for creditors to file payee information. Initially, this notice of selection and registration was set to end on January 10, 2023.
However, due to factors such as progress of rehabilitation creditors, the trustees sought a delay in the deadline till March 10, 2023. The update reads in part:
“Rehabilitation creditors who have already completed selection and registration are not required to select and register again and these creditors can change their selection and registration by the new deadline.”
Nonetheless, creditors are urged to refrain from making substantial modifications to their payee details to enable the trustee to complete the verification and initiate payments at the earliest after March 10, 2023.
The Trustee has reminded all creditors that they will not receive payment if they fail to provide payee details within the stipulated period.
Payment to such creditors may be required to carry the applicable documents to the head office of Mount Gox Company Limited or to the designated place. JPY (cash).
In regards to when the first of the Mt. Gox creditors will receive payment, Kobayashi noted that a new deadline has now come into force. As per the update, the deadline for base repayment, one-time payment and intermediate repayment has been moved from July 31, 2023 to September 30, 2023.
Mt.Gox collapsed in February 2014, with the cryptocurrency exchange plunging into bankruptcy after one of the biggest hacks in crypto history. Notably, approximately 850,000 bitcoins were stolen in the heist and after a long wait, the creditors Started filing rehabilitation claims in 2018,
Bitcoin Crypto Related Post