MtGox Trustee to push for another extension to deadline for filing rehabilitation claims

Maria Nikolova

The Trustee plans to submit an opinion to the Tokyo District Court that proofs of rehabilitation claims delivered to the Office of the Rehabilitation Trustee by November 18, 2019, should be accepted in principle.

Nobuaki Kobayashi, Civil Rehabilitation Trustee for ill-fated Bitcoin exchange MtGox, will be seeking another extension to the deadline for filing Proofs of Rehabilitation Claims. This becomes clear from a notice published by the Trustee earlier today.

Let’s recall that the period for filing proofs of rehabilitation claims in the civil rehabilitation proceedings for MTGOX Co., Ltd. ended on October 22, 2018.

However, considering that the majority of the creditors reside outside Japan, the Rehabilitation Trustee intends to submit an opinion to the Tokyo District Court that proofs of rehabilitation claims being delivered to the Office of the Rehabilitation Trustee by November 18, 2019, should be accepted in principle.

The Trustee also notes that he plans not to submit an opinion to the Court for the claims delivered thereafter.

Going forward, for creditors who wish to file proofs of rehabilitation claims are advised to download a proof of rehabilitation claim form, fill in the necessary information thereon, and then send a printed version, on which they have affixed their seal or signature, to the Office of the Rehabilitation Trustee by post to the address below immediately. Whether proofs of rehabilitation claims filed after deadline will be accepted shall be determined by the court.

The postal address for proof of rehabilitation claim forms is:

  • MTGOX Co., Ltd. Office of Rehabilitation Trustee Suite 202, Kojimachi 3-chome Building
  • 3-4-1 Kojimachi, Chiyoda-ku,
  • Tokyo Japan 102-0083

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.

Read this next


Investors transfers $424 million out of bitcoin funds in six weeks

Despite bitcoin’s decent surge last week, which took the primary cryptocurrency up 70% from the year’s low, digital asset investment products saw outflows for the 6th consecutive week.

Digital Assets

OKX has $9 billion in ‘clean assets’, shows latest proof of reserves

OKX, formerly known as OKEx, has released its fifth proof-of-reserves report amid increasing demand of crypto investors asking for transparency from exchanges they trade with.

Digital Assets

Circle seeks France license to launch Euro stablecoin

Circle, the issuer of the second-largest stablecoin by market capitalization, is seeking to get a dual registration in France as it aims to on-shore its flagship product for the European market – EUROC – a reserve-backed stablecoin.

Digital Assets Among Minority of Successful Companies to Renew Coveted Estonian License has successfully renewed its virtual currency service license from Estonia’s FIU for the third year in a row, despite regulatory changes that have made it harder for virtual asset providers to meet the required standards.

Inside View, Institutional FX

Time for brokers to add options trading as volumes explode on high volatility

“Usually, adding options to the typical CFDs and equities offering leads to fragmentation of the platform technology as many brokers will need additional back-end and front-end components, and that could be an important barrier for them. Apart from that, legal hassle and costs associated with proper licensing of market data could be a barrier at first. We are seeing this trend among market data vendors and exchanges to make it easier and more affordable.”

Metaverse Gaming NFT

GCEX’s DeFi education and prime brokerage offering available in DubaiVerse

“We are excited to be part of the developments of The Sandbox and to join other top players in the region, including our regulator, Dubai’s Virtual Asset Regulatory Authority (VARA), as part of the DubaiVerse. This is a great opportunity to bridge the gap between Web3 early adopters and GCEX clients, building a community around Web3 and digital assets.”

Digital Assets

Circle wants Fed to back USDC stablecoin after “very serious stress test” with collapse of SVB

The collapse of Silicon Valley Bank allegedly proves Circle’s point that there is a need for its USDC stablecoin to be backed by the U.S. Federal Reserve with its U.S. dollars held at the Fed.

Digital Assets

Google searches for and exploded by 300% amid FTX collapse

“The findings emphasize the importance of staying on top of market trends and being able to pivot strategies quickly and also offer valuable insights into the current state of the market and the behavior of traders, providing investors with valuable information to make informed decisions about their investments.”

Institutional FX

iS Prime reports £35m turnover, £16.2 million pre-tax profits, £37 cash balances

“We have plans in place to evolve the business over the next year, driving further growth for both iS Prime and for our clients.”