Mt. Gox Opens Claims for Creditors to Request Lost Funds

Mt. Gox creditors are beginning to file claims to recover their lost funds.

On Aug. 23, Mt. Gox trustee Nobuaki Kobayashi released an online submission process for creditors to prove their claims.

Hacked cryptocurrency exchange Mt. Gox has begun accepting claims for creditors to request lost funds, according to a document released by Mt. Gox trustee Nobuaki Kobayashi.

The online submission form outlines the methods creditors can take to prove their claim against Mt. Gox.

Creditors to Be Paid in BTC and BCH. On Aug. 1, Mt. Gox creditors released a revised basic policy for their Bitcoin repayments following the Tokyo District Court's ruling to order civil rehabilitation in June.

Lawyers representing Mt. Gox creditors released an initial proposal for rehabilitation proceedings on June 29, 2018.

The policy stated that all Mt.Gox assets would be distributed to creditors and "Full payment to the monetary creditors will be made."

The policy also mentioned that Mt. Gox does not have enough BTC to return all Bitcoin deposited by creditors.

"Mt. Gox is not capable of returning all BTC deposited by creditors. Accordingly, we consider that all assets of Mt.Gox should be distributed to creditors and not to shareholders."

In the revised policy update, lawyers representing Mt. Gox creditors stated that "BTC and BCH be sent to exchanges in which many creditors have accounts or can open accounts easily."