Creditors to the shutdown crypto exchange Mt. Gox have until January 2023 to register and choose a reimbursement method. as part of their compensation plan for their losses.
According to an Oct. 6 announcement from Mt. Gox’s trustee Nobuaki Kobayashi, the creditorshaveUntil Jan. 10 to choose a payment method and register payee information in the online filing system. It has to choose to allow payments via bank transfer, money transfer service, cryptocurrency exchange or custodian. Kobayashi’s update marks the latest advancement in a revitalization plan started in 2018 to compensate. Money to Mt. Gox creditors for the money lost after the 2014 collapse.
“If you do not proceed with the registration You will not be able to receive any payment and you will need to bring the required documents to MTGOX Co., Ltd.’s headquarters or other designated location. and will have to accept payments in Japanese yen,” said the announcement. “If you are unable to receive such reimbursement The repayment amount will be deposited at the law firm.”
On the Bitstamp exchange announceTo be among the companies that support such reimbursement plans as well:
Verification of the registrant is done by “Third party in connection with settlement”, whose name must be the same as the person entitled to compensation. In addition to verifying the identity of the residents at the address provided But it is unclear whether the repayment plan will give creditors an option to receive payments in Bitcoin or fiat, and how quickly after the Jan 10 deadline the funds will be distributed.
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