RATE Group | Mt. Gox Begins Taking Claims from Corporate Bitcoin Creditors
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Mt. Gox Begins Taking Claims from Corporate Bitcoin Creditors

Mt. Gox Begins Taking Claims from Corporate Bitcoin Creditors

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Mt. Gox Bitcoin Creditor Rehabilitation System Opens

Defunct bitcoin exchange Mt. Gox has opened up its online rehabilitation claim filing system to corporate creditors who were holding cryptocurrency funds on the platform when it went belly up in 2014.

Mt. Gox rehabilitation trustee Nobuaki Kobayashi made the announcement in a document dated Sept. 12 and published on the Tokyo-based bitcoin exchange operator’s website. According to the document, creditors must file their claims by Oct. 22 to be eligible for compensation.

CCN reported last month that Mt. Gox had begun accepting claims from individual creditors, who — like corporate users — must submit claims even if they had already done so during the exchange operator’s bankruptcy proceedings.

The exchange, which once handled 70 percent of all bitcoin trades worldwide, went bust in 2014, shortly after losing as much as $450 million (850,000 BTC) in what was long the largest theft in pure dollar terms in cryptocurrency history, having now been surpassed by the Coincheck…

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