Bitcoin
Bitcoin refund claims enabled for Mt.Gox corporate creditors now
We’ve come a long way in the crypto world regarding safeness and trustworthiness when it comes to exchanges. In this sense, it is not that scammy exchanges or hacking activities no longer exist, but if we consider the actual probabilities of this happening compared to 5 years ago, the difference is more than notorious.
And that is for sure, a thing for which we all should be happy about. Let’s recall it was back in 2014 when the largest Bitcoin exchange by trading volume, Mt.Gox, was hacked, and 744,000 Bitcoin (BTC) were stolen from the accounts of several users, both corporate and individuals.
The event marked without a doubt a significant milestone in the industry, and even for a period, it seemed impossible to believe that users would regain trust in crypto. However, the story is different now.
A few years later of what happened still there are many of which are fighting to get their funds back, and apparently, their prayers have been heard as recently (on Wednesday) an online method for corporate creditors of the extinct exchange to claim their Bitcoin refunds got enabled. Let’s see all of the details behind this.
Online filing system for corporate creditors
Ever since the unfortunate event that saw the loss of 744,000 BTC, both corporate and individual users have been trying hard to get back the funds they had before the robbery.
Nonetheless, this has definitely not been an easy task. In fact, Mt.Gox declared in bankruptcy to a court in Tokyo after the scandal that took place in 2014, and this left all of the holders with their hands tied up.
With respect to this, last year a group of creditors got together to fill and sign a petition in which they requested the Tokyo court to dismiss the bankruptcy status of the Mt.Gox, and label the case as a civil rehabilitation. The court decided to approve the request and back in June it was declared as such.
From that moment on, creditors have been waiting for a dictamen of the company, and this actually happened a few days ago but only for individual creditors, and not for the corporate ones. Mt.Gox opened a filling system on August 23 in which individual creditors could request their refund by attaching the appropriate proofs required, a fact that has all of the corporate creditors feeling concerned.
However, the wait is finally over as MT.Gox trustee has declared that the corporate creditors have the chance now to request their Bitcoin refunds by using the filling the system.
The announcement was in charge of Nobuaki Kobayashi, who is the rehabilitation trustee and attorney-at-law for the case, he said on the release:
“We have released an online rehabilitation claim filing system … which allows corporate users to file their proofs of claim by online methods in connection with the civil rehabilitation proceedings.”
With relation to this, it was known that the trustee would publish an approval or refusal statement that will be sent to a court in Tokyo for a final decision as soon as the imposed deadline ends; this decision would tentatively be taken at the beginning of the next year.
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