Mt. Gox creditors have until March 10 to register and choose repayment method
Creditors from Mt. Gox have until the end of the week to register and select a repayment method as part of the plan by which they will be compensated for their losses with the defunct crypto exchange.
In a March 7 announcement, Mt. Gox trustee Nobuaki Kobayashi reiterated a January notice reminding creditors who had not registered for repayment they had until March 10 to do so — two additional months as part of the rehabilitation plan proposed in October 2022. Kobayashi did not provide a reason for the extension, which would allow individuals who suffered losses at Mt. Gox to select a repayment method and register their information in an online rehabilitation claim filing system.
Creditors have the option of a lump-sum payment, bank remittance, fund transfer service provider, or through a cryptocurrency exchange or custodian. Experts have estimated that the losses from Mt. Gox users were worth billions of dollars following the collapse of the exchange.
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The update from the Mt. Gox trustee may be one of the last announcements for the creditors’ rehabilitation plan that began in 2018. Roughly 99% of creditors affected by Mt. Gox going under had approved a draft rehabilitation plan in October 2021, with Kobayashi announcing in November 2021 that the plan was considered “final and binding” following a decision from a Japanese court.
Related: 10,000 BTC moves off crypto wallet linked to Mt. Gox hack
Mt. Gox Investment Fund, one of the exchange’s largest creditors,
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