Mt. Gox Creditors Has A Deadline To Apply For A Refund In Early 2023

Creditors of the collapsed cryptocurrency exchange Mt. Gox have until January 2023 to register and choose a repayment option as part of the compensation plan.

According to a document, the long-awaited resolution for creditors of the now-defunct Bitcoin exchange Mt. Gox may be one step closer. Mt. Gox creditors will have until January 10, 2023, according to Trustee Nobuaki Kobayashi, to register with the so-called MTGOX Online Rehabilitation Claim Filing System and open accounts on crypto exchanges in order to get disbursements for their claims.

It is unclear how many exchange sites Mt. Gox’s creditors have selected to aid with debt payments. Bitstamp claimed in a statement that it was one of those chosen.

According to a person acquainted with the issue, distribution will not take place on January 10, but rather sometime next year. Last November, a majority of creditors accepted a draft rehabilitation plan, and in a public statement dated October 4, Kobayashi announced court approval of rehabilitation plan changes.

“The purpose of the amendments is to enable rehabilitation creditors to receive repayments under the Rehabilitation Plan smoothly, fairly, and safely, and to clarify matters that had not been made entirely clear in the Rehabilitation Plan. Therefore, the amendments have no adverse effect on rehabilitation creditors,” Kobayashi wrote.

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