Mt. Gox Bitcoin Exchange Enables Repayment Method for Creditors

• Mt. Gox rehabilitation system allows registrations for creditors to select a repayment method.
• The registrations are open till Jan 10, 2023.
• Repayments include early lump sum, rehabilitation claims, and more.

Bitcoin Exchange Rehabilitation System, Mt. Gox introduced a new function that enables creditors to register payee details on the online claim filing platform and choose a repayment method. The release was announced via a notice published on October 6.

The notice mentioned that the deadline to register is January 10, 2023, and that creditors must go through the explanatory material uploaded to the system.

It includes — notice concerning amendment of the rehabilitation plan and acquisition of permissions regarding payments; information on the financial situation of the rehabilitation debtor; income and expenditure statement; balance sheet; and lists of assets till August 31, 2022.

In addition to the explanatory material, the notice also contained some guides, such as the guide to repayment by bank remittance, a guide to repayment by remittance through a fund transfer service provider, and a guide to the selection of a cryptocurrency exchange or custodian.

For safe and secure repayment, the notice highlights that the creditors must log in to the system to carry out the registration and selection themselves. Failure to complete the necessary selection and registration will result in an inability to receive any repayments.

The repayment options range from early lump-sum, a portion of cryptocurrency rehabilitation claims in cryptocurrency, repayment by bank remittance, as well as repayment by remittance through a fund transfer service provider.

Moreover, the notice hints that while the greater portion of Mt. Gox is approaching closure, the funds will most likely take a few years before they are transferred to the creditors.