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Mt. Gox Creditors Are About to Get Their Funds Back!

After a 9-year liquidation process, the creditors of the Mt. Gox crypto exchange are about to recover part of their funds. They will be able to receive the refunds from March 10 (Japan time).

By the way, in the official schedule and in the balance sheets presented by Mt. Gox, The exchange plans to spread the funds as follows:

  • $1.7 billion in cash.
  • 141,000 BTC.
  • 142,000 BCH.

Recall that, Mt. Gox suspended withdrawals in February 2014, after suffering a loss of 850,000 Bitcoin. Of which, 750,000 BTC belonged to clients and 100,000 BTC to the Stock Exchange.

Is the drama with the users of Mt. Gox very close to ending?

Specifically, Nobuaki Kobayashi, administrator of the liquidation of the Japanese platform Mt. Gox, has informed his former clients that they have until March 10 to submit their redemption requests under the liquidation plan. With a deadline to pay on September 30.

In fact, Nobuaki Kobayashi’s reminder letter to creditors came after the payment deadline was extended from January 10 to March 10.

In this regard, Blockstream CEO Adam Back said: “It has gone on for many more years than anyone expected. So I’m sure it will be welcomed by any creditor to finally get paid.».

Options to receive reimbursement

Particularly, according to the statement, they urge you to read it carefully. Since it contains essential information about payment procedures.

However, Nobuaki Kobayashi also reiterated that creditors can choose between four payment options.

«Creditors who have not completed Screening and Registration by the deadline will not be eligible to receive any of the refunds below».

  1. Advance lump sum payment.
  2. Payment in cryptocurrency.
  3. By bank remittance.
  4. Payment through a funds transfer service provider.

«They must complete the Selection and Registration immediately, since there is little time left until the deadline».

Very important, creditors who have already completed the Selection and Registration do not need to do it again.

«Please note that due to a large number of inquiries, we may not be able to respond in a timely manner. We appreciate your understanding».

At the time of closing this content, KEY ALERTS informs that the deadlines are extended:

In closing, help spread this publication to those affected!

I retire with this phrase from Khalil Gibran: «No matter how long the storm is, the Sun always shines through the clouds again».

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