Mt. Gox Creditors Get Extension: Deadline for Repayment Selection Moved to Mar. 10

• The deadline for the base repayment, early lump-sump repayment and intermediate repayment at the defunct crypto exchange, Mt. Gox, has been moved from July 31 to Sept. 30.
• The deadline for repayment selection was also moved from Jan. 10 to Mar. 10.
• Creditors who fail to complete the selection and registration within the deadline will not receive repayments or have to bring documents to the exchange’s head office to receive repayments in Japanese Yen.

Mt. Gox creditors have been given more time to decide on which repayment method they want to be paid in and register their payee information at the defunct crypto exchange. In an announcement dated Jan. 6, Mt. Gox trustee Nobuaki Kobayashi stated that the previously announced deadline for repayment selection which was on Jan. 10, has now been moved to Mar. 10. This change in deadline was made due to the “progress by rehabilitation creditors” in the selection and registration of repayment methods.

The announcement also urged creditors to complete the necessary steps before the new deadline or else they would not be able to receive their repayments or in some cases might have to bring documents to the exchange’s head office to receive their repayments in Japanese Yen. The update wrote that the rehabilitation creditors who fail to complete the selection and registration within the new deadline will not be able to receive their repayments or in some cases might have to bring documents to the exchange’s head office to receive their repayments in Japanese Yen.

The deadline for the base repayment, early lump-sump repayment and intermediate repayment was also moved from July 31 to Sept. 30. This means that creditors will have more time to decide whether they want to receive their repayments in Japanese Yen or crypto assets.

Mt. Gox trustee Nobuaki Kobayashi, who is in charge of the rehabilitation process of the exchange, has been taking all the necessary steps to ensure that the creditors receive the repayment they are entitled to. He has also been working to ensure that the process is as transparent and efficient as possible.

Creditors who have not yet selected the repayment methods or registered their payee information are advised to do so before the new deadline of Mar. 10. This will ensure that they are able to receive their repayments in a timely manner.