Trustee Opens Formal Claims Process for Mt Gox Customers
Mt Gox customers can now formally make a claim against the defunct exchange, with the potential to receive their payout in bitcoin.
The process is being overseen by exchange Kraken, appointed to assist Mt Gox’s bankruptcy trustee Nobuaki Kobayashi last November.
According to instructions posted on the Mt Gox homepage, account holders have until 29th May (Japan time) to fill out forms directly from the site, or open an account with Kraken and begin from there.
The online claims process is available as the large majority of Mt Gox’s 100,000 creditors live outside Japan, enabling them to participate more easily in the bankruptcy process.
Those who cannot supply a Mt Gox username or password will need to complete the process offline, mailing a printed form instead.
Bitcoin payouts possible
With a Kraken account, users are able to request a payout in bitcoin. Those who do not have a Kraken account, or do not wish to open one, would have to receive any payout in fiat currency.
This post was published at Coin Desk on April 22, 2015.