Mt․Gox to Suspend Applications to Transfer Claims for Bitcoin Refunds

From September 15, the bankrupt exchange Mt․Gox will stop accepting applications for refunds in favor of third parties inas part of the civil rehabilitation process. This is stated in a letter addressed to creditors.

The ban will last until the end of the base repayment period. The specific date will be determined by the rehabilitation trustee with the permission of the court.

During this period the assignment, transfer orsuccession, collateral or other alienation of claims for rehabilitation are prohibited. According to the document, this is necessary «to ensure safe and reliable payments».

Rehabilitation Trusteestop accepting applications for referral procedures through all available communication channels, including the Rehabilitation Claims System, email, offline mode, and others.

The date of repayment of debt in cash may be delayed by court order due to delays for the sale of cryptocurrencies.

Mt.Gox also asked to refrain from transferring rehabilitation claims to a third party for the specified period in order to avoid additional complications. Access for such users to the system will be restricted, and registered applications of recipients who have declared the transfer of requirements will be deleted as invalid.

Recall that the once largest bitcoin exchange Mt.Gox collapsed in early 2014. This happened after information appeared about her alleged hack and theft of 800,000 BTC ($480 million at the time).

The civil rehabilitation process was launched in 2018.

In 2020, Mt.Gox trustee Nobuyaki Kobayashi filed a plan to recover funds from creditors in a Tokyo court, which approved the document. At that time, 137,891 BTC were stored on the Mt.Gox wallet.

Recently, the exchange's creditors denied rumors about the reimbursement of funds as part of the civil rehabilitation process.

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