Mt. Gox Administrator Sets January 10 Rebate Selection Deadline
Creditors of defunct cryptocurrency exchange Mt. Gox have until January 2023 to register and select a repayment method as part of the plan to offset 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 register beneficiary information in an online rehabilitation claim filing system with the in order to be paid through bank remittances, funds transfer service provider, or a cryptocurrency exchange or custodian. The Kobayashi 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 2014 collapse.
“If you do not complete the required Screening and Registration, you will not be able to receive any of the Rebates below, and you will need to bring the required documents to the MTGOX Co., Ltd. head office or other location designated by the Rehabilitation Trustee and receive Refund in Japanese yen,” the notice said. “If you are unable to receive such a refund, the refund amount will be deposited with the Legal Affairs Office.”