Mt. Gox Victims Hack Get More Time to Register Claims and Receive Payouts

  • Accordingly, the repayments deadline has been extended from September 30, 2023, to October 31, 2023.
  • 142k BTC, 143k BCH, and 69bn yen are yet to be reimbursed by Mt. Gox.

Tokyo-based cryptocurrency exchange, Mt. Gox, has announced an extension to both the deadline for claim application registration and the repayment deadline for victims of the exchange’s infamous hack. The deadline for claim application registration has been pushed back from March 10, 2023, to April 6, 2023, while the repayment deadline has been postponed from September 30, 2023, to October 31, 2023.

Mt. Gox currently holds approximately 142,000 BTC, 143,000 BCH, and 69 billion yen that are yet to be repaid to its creditors. The exchange was allegedly once the world’s largest bitcoin exchange until it was hacked in 2014, resulting in the loss of 850,000 bitcoins. Mt. Gox later discovered 200,000 of the lost bitcoins in an old digital wallet, but the exchange still owes its creditors a significant amount.

According to the announcement on March 9, rehabilitation creditors must complete the selection and registration process before the new deadline of April 6, 2023. It also urges its rehabilitation creditors to complete the necessary steps before the newly extended deadline.

Users are advised to follow the steps to avoid creditors being unable to receive their repayments or even going to the exchange’s head office to receive them in Japanese yen.

Furthermore, the announcement clarified that rehabilitation creditors who have already completed the selection and registration process must not perform it again. However, the update requested that those who have already completed the process refrain from making any revisions to their registration to ensure that the confirmation process goes smoothly.

Furthermore, the Mt. Gox rehabilitation trustee has obtained court permission to change the repayments deadline set for September 30, 2023 (Japan time) to October 31, 2023 (Japan time). These repayments include base repayment, early lump-sum repayment, and intermediate repayment.

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