Category Archives: Civil Rehabilitation Claim

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Mt Gox Civil Rehabilitation Claims Deadline Extended to Boxing Day

The deadline for the civil rehabilitation claims for the defunct Japan-based Mt Gox exchange might be extended till 26 December, says trustee Nobuaki Kobayashi in a document released yesterday. It states: “If filings are delayed for reasons not attributable to creditors, proofs of rehabilitation claims filed after the deadline (i.e., 22 October 2018) may be acceptable.”

The previous deadline of 22 October for the submission of claims has already been exceeded but considerations are being made for the global distribution of creditors and extended time necessary for filing documentation. The current terms for the extension to creditors appears to allow creditors who are yet to submit their claims to do so on or before the new date of 26 December.

The decision is still subject to the rulings of the court if the deadline is exceeded and more submissions are still being received. The Rehabilitation Trustee does note good faith by promising to make efforts to appeal to the court to accept the proofs of rehabilitation claims filed after the original date.

The document further requested the creditors of the exchange to submit either an online or offline copy of the claim with their appropriate seal or signature. A guideline has also been provided to aid the process of filling the form.

The Mt Gox hack still remains an indelible moment in the history of cryptocurrency trading, with some BTC 850,000 stolen from the exchange.

The exchange began the collection of claims on 23 August, The tentative date for the repayments is set to happen sometime after February 2019 with no specific date announced yet.

 

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