BTC repayment applications for the civil rehabilitation process of the exchange Mt․Gox will be suspended on September 15. After that, no refund requests will be accepted.
Nobuaki Kobayashi, Mt.Gox trustee, released an update in a letter to creditors regarding the crypto exchange’s rehabilitation plan. According to the letter, to ensure safe and reliable repayments, applications for BTC refunds will only be accepted until September 15.
After that date, the trustee will stop accepting applications regarding BTC funds lost through various channels. Kobayashi also advises against sending refund requests to third parties during that period to avoid additional complications.
However, the document did not specify an exact date when the actual payments would be made. It only indicated that the first full repayment will follow after September 15.
Recently there was information about the upcoming payment of 137,000 BTC to Mt.Gox creditors, which put significant pressure on the first cryptocurrency, which dropped below $20,000.
The Bitcoin exchange Mt.Gox declared bankruptcy in 2014. Due to code vulnerabilities, hackers managed to break into the site twice — in 2011, attackers robbed more than 60,000 users and stole over $8.7 million, and in 2014, they set an absolute record by stealing 744,000 BTC from Mt.Gox accounts. Users’ funds have never been recovered, though in October 2021, the Tokyo District Court approved a class action lawsuit by Mt.Gox creditors.
