MTGOX system for filing rehabilitation claims now available to corporate users

Maria Nikolova

The online system now allows corporate users to file their proofs of claim in connection with the civil rehabilitation proceedings of the defunct Bitcoin exchange.

Nobuaki Kobayashi, Civil Rehabilitation Trustee for notorious Bitcoin exchange MtGox, today posted an update on the new system dedicated to help former clients of the exchange file their civil rehabilitation claims.

In line with previously announced plans, the trustee said that the system has now become available to corporate users who had already filed their proofs of bankruptcy claim by using the MTGOX online bankruptcy filing system (in the bankruptcy proceedings).

In order to file a rehabilitation claim, corporate entities have to provide certain identity verification documents, including:

  • 1) Company registration and certificate of seal registration. In the case of a foreign corporation, certificate of qualification as company representative, such as a certificate by a notary or an authentication service provider in the relevant foreign country or a registration certificate by an authorized office in the relevant foreign country; such certificate should state that the corporation was legally established and bear the name of the representative.

The corporate entities are advised to provide documents with up-to-date information that were issued within the last three months.

  • 2) Identity verification documents of the corporate representative. Alternatively, identity verification documents of the administrator who handled the proof of rehabilitation claim procedures and power of attorney prepared by the company representative may be provided.

The new system welcomed individual (non-corporate) users on August 23, 2018. The trustee advises that claimants visit the dedicated page and file their rehabilitation claim by the end of the period for filing of such claims (i.e., October 22, 2018).

Let’s recall that some of the creditors of MtGox filed a petition for commencement of civil rehabilitation proceedings against the Exchange with the Tokyo District Court on November 24, 2017. The petition was heard on June 22, 2018, and the Tokyo District Court issued an order of the commencement of civil rehabilitation proceedings for MtGox. As a result, the previously ongoing bankruptcy proceedings were stayed. Due to the stay of the bankruptcy proceedings, MtGox bankruptcy claims filing system has been temporarily suspended.

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