Mt. Gox postpones deadline for repayment selection to March 2023

Mt. Gox postpones deadline for repayment selection to March 2023

06.01.2023 13:19 (Updated 06.01.2023 13:01)
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by Aleksandar Đurić
2 min read

Mt. Gox’s attorney Nobyaki Kobayashi states that the previously announced deadline for repayment selection on January 10 has been moved to March 10 after obtaining the court’s permission. Now, all the clients will have more time to decide how they want to receive the repayment and fill in their payee information on Mt. Gox.

The deadlines for lump-sum, intermediate, and base repayments were also moved from July 31 to September 30, according to Mt. Gox’s official statement.

In the announcement, creditors were urged to complete the necessary steps before the new deadline. It was stated that rehabilitation creditors who do not meet the selection and registration deadline will not be able to receive their repayments or may have to bring documents to the exchange’s head office to receive their refunds in JPY (cash).

Nobyaki Kobayashi adds:

Having obtained the permission of the court, the Rehabilitation Trustee has also changed the Base Repayment Deadline, Early Lump-Sum Repayment Deadline and Intermediate Repayment Deadline from July 31, 2023 (Japan time) to September 30, 2023 (Japan time) following the change of the deadline for the Selection and Registration.

Mt. Gox creditors that have already finished the Selection and Registration process should not submit again.

However, the Rehabilitation Trustee will begin confirming the contents of your Selection and Registration, etc., after this point in time in order to make repayment as promptly as possible after March 10, 2023 (Japan time). To enable smooth confirmation of the contents, we respectfully request that you refrain from making unnecessary revisions if you have already completed the Selection and Registration.

On June 28, rumors were spreading that defunct crypto exchange Mt. Gox would dump Bitcoin and delay the distribution of debts back to users:

If the deadline isn’t moved again, Mt. Gox creditors will soon see their assets. Please read the document carefully and follow the instructions.

Author

  • An experienced journalist working in the film and video-game industries for many years. An enthusiast busy with learning new things about the world of crypto every day. Majored in English Language and Literature. Has a shrine in his apartment dedicated to Hidetaka Miyazaki.

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