The registration deadline for creditors of the defunct bitcoin exchange, Mt. Gox, to claim their repayments is approaching on Friday. Originally set for January 10th, the deadline was postponed to March 10th. Failure to complete the required selection and registration by the deadline will prevent repayment options, including early lump-sum repayment, repayment for a portion of cryptocurrency rehabilitation claims in cryptocurrency, repayment by bank remittance, and repayment by remittance through a fund transfer service provider. The trustee of Mt. Gox, Nobuaki Kobayashi, urged creditors who have not registered their preferred payment method to do so immediately. Creditors who have submitted payment details do not need to resubmit unless they wish to change them. Previously, in July 2022, creditors were asked to submit payment details and select whether they would like to receive their claims in cryptocurrency or not. Those who opted to receive a portion of their claims in cryptocurrency were asked to register the necessary information for transfer. Concerns exist around the release of 141,686 BTC, worth $3.1bn, from the Mt. Gox trustee and its impact on the bitcoin market. Michael Saylor’s company, MicroStrategy, holds approximately 132,500 BTC, which puts the Mt. Gox trustee’s holdings into perspective.
