Trustee of Mt. Gox Completes Review of Creditors’ Claims

Ceased to function some years back bitcoin exchange Mt. Gox has taken an important step towards compensating its creditors.

Trustee of Mt. Gox Nobuaki Kobayashi announced on Tuesday that it had reviewed all creditors’ applications, either approving or rejecting them, and notified the Tokyo court of the work done..

Trustee of Mt. Gox has completed its review of creditors' claims Bitcoin exchange Mt. Gox has taken an important step towards compensating its creditors.

In the coming days, Kobayashi will announce his verdict, about which creditors will be notified in various ways. For example, those who applied through the online Mt. Gox will be able to see the result in its interface. Others should expect email notification. Users who have not reported their financial claims to the exchange can still do so.

Trustee of Mt. Gox has completed its review of creditors' claims Bitcoin exchange Mt. Gox has taken an important step towards compensating its creditors.

After the liquidation of Mt. Gox in April 2014 and several years of waiting Tokyo court in June Of 2018 approved the civil rehabilitation of the exchange, thanks to which its creditors were able to request payments in cryptocurrency, and not in fiat at the exchange rate at the time of the incident. According to published documents, Mt. Gox will reimburse its former customers over 141,000 bitcoins and 142,000 bitcoin cash.

Certain concerns are related to how lenders decide to dispose of the received cryptocurrency. Earlier, the rapid decline in the bitcoin rate at the beginning of 2018 was associated with the actions of Kobayashi to liquidate the assets of the exchange, but the trustee in his defense stated that for cryptocurrency sales used methods that allowed to exclude the impact on the price in the spot market.

One Reddit user wrote that he received a message from Mt. Gox, which states that his application has been approved. Other commentators claim that the exchange refused them without explaining the reasons..

Trustee of Mt. Gox Completes Review of Creditors' Claims Mt. Gox has taken an important step towards compensating its creditors.

Kobayashi did not specify when the former clients of Mt. Gox will receive the payments due. “I will contact you in due course,” – users quote a line from letters received from him. As noted by Bitcoinist, featured on the Mt. Gox documents allow us to conclude that this will not happen until May.


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