MTGOX extends deadline for compensation claims


An update is out today for former users of notorious Bitcoin exchange MTGOX Co, Ltd (MTGOX). The bankruptcy trustee has announced an extension of the deadline for filing the so-called “bankruptcy claims” – the compensation claims against MTGOX.

You may recall that the previous deadline set by a Tokyo Court was May 29, 2015. However, the bankruptcy trustee has been accepting claims after that period and is now extending the deadline until 12 (noon) July 29, 2015 (Tokyo time).

The filing of bankruptcy claims has been possible online since April 22, 2015.

After 12 noon on July 29, 2015, the only things that a user will be able to do using the Online Method will be to:

  1. view bankruptcy claims that he or she has filed himself or herself;

  2. transfer his or her bankruptcy claims to another person.

When the time of distribution gets closer, the bankruptcy trustee is planning to give Users an opportunity to use the System again to make changes to the details of their bankruptcy claims other than increasing the amount of the bankruptcy claims that Users have filed (for example, changes in their addresses or company names).

At that point, however, users will not be able to file new bankruptcy claims or to increase the amount of the bankruptcy claims that they have filed.

Japanese Bitcoin exchange MTGOX went bankrupt early in 2014, after 750,000 Bitcoins went missing. In 2015 , official bankruptcy proceeding began against MTGOX’s parent company Tibanne. In April this year, Kraken got engaged in the procedure for client funds distributions.

To view the latest announcement by MTGOX’s trustee, click here.

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MTGOX extends deadline for compensation claims

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