RATE Group | Mt.Gox Creditor: Payouts May “Completely Crash The Market”
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Mt.Gox Creditor: Payouts May “Completely Crash The Market”

17 Sep Mt.Gox Creditor: Payouts May “Completely Crash The Market”

Posted at 07:35h in Ethereum News by

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Mt.Gox Opens Civil Rehabilitation Process To Corporations

As reported by Ethereum World News previously, Mt.Gox, the now-infamous exchange that was hacked for over 800,000 BTC, has just commenced its civil rehabilitation claiming process. Per an official document from the exchange’s legal proceedings, victims of the hack can finally make claims over the over 170,000 BTC and BCH that have become a part of the Japanese court case.

Victims of Mt Gox Hack. Credit: The Verge

To facilitate this process, Nobuaki Kobayashi, the trustee of the legal process, released an online tool that guides prospective claimants through the process of issuing a claim, which requires creditors to submit legal documents and proof that pertain to the matter.

It is important to note, however, that at the time of the original announcement, only individual traders were allowed to participate in this process, with Mt.Gox traders affiliated with any corporations or firms having to sit on their hands until further…

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