Mt. Gox trustee files to push deadline for rehabilitation claims
Mt. Gox trustee, Nobuaki Kobayashi, has issued a notice which seeks to extend the period for submitting rehabilitation claims of the Mt. Gox hack victims. He said that since the claimants belonged to different parts of the world the claim period should be extended so that everybody gets time to file for compensation.
Initially, the deadline was set on October 22, 2018. However, the trustee wants to hold out the deadline until December 26, 2018. “Whether proofs of rehabilitation claims filed after the deadline will be accepted is determined by the court. [….] the Rehabilitation Trustee will make efforts to request the court to accept proofs of rehabilitation claims received by December 26, 2018 (Japan time),” stated the notice.
According to the notice, the online filing system still continues to accept the rehabilitation claims. The claims can also be sent by post to the trustee’s office.
The Mt Gox trustee, Nobuaki Kobayashi has been unloading sizeable chunks of recovered bitcoins from the Mt.Gox hack in the market. The offloading of Bitcoin has been carried out since the 10th creditors meeting held on March 7, according to a Bloomberg article. Kobayashi disposed off cryptocurrencies worth roughly 42 billion Japanese yen in March, 35,841.00701 BTC and 34,008.00701 in bitcoin cash.
He has raised over $617 million in September from the Bitcoin sales. Apart from the cash from bitcoin sales the exchange also has over 143000 bitcoins. This amount is thought to be enough to fully compensate for the rehabilitation claims of the Mt. Gox investors.
The crypto hack of the century saw investments worth millions lost to hackers. In the month of May 200,000 of lost bitcoins were discovered in a digital storage which were in use before the hack. Frozen at the time of the legal conundrum this Bitcoin reserve has climbed in value. The values far exceed the victims’ claims for lost investments.
Image via Shutterstock