MtGox updates FAQ section dedicated to filing of rehabilitation claims

Maria Nikolova

The online system for claims filing is set to be available to corporate entities in mid-September 2018.

Shortly after Nobuaki Kobayashi, Civil Rehabilitation Trustee for notorious Bitcoin exchange MtGox, announced the start of the procedure of filing proofs of rehabilitation claim, an updated list of questions and answers about the procedure was published on the website of the now-defunct Exchange.

On top of explanations on how to solve some technical issues (such as “I am unable to log in”), the section offers some useful information for corporate entities that would like to file a claim.

In order to file a rehabilitation claim, such 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.

Corporate entities are expected to be able to log in to the System in mid-September. The Offline Method is available for corporate users now.

Let’s note that even ex-clients of MtGox who have not filed a proof of bankruptcy claim can now file a proof of rehabilitation claim.

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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