Mt. Gox Admin Releases Update to Refund Procedures
The restriction reference period is one of the final stages in the repayment of creditors, according to the document released on Wednesday.
New
Mt. Gox administrator Nobuaki Kobayashi released updated information on Wednesday regarding the long-defunct crypto exchange's creditor rehabilitation plan. According to the filing, the restriction reference period begins on September 15. During the phase, "the assignment, transfer or succession, the pledging or disposal by other means of rehabilitation claims is prohibited."
Kobayashi confirmed that creditors have until September 15 to submit claims regarding funds lost in the collapse of the first crypto exchange in 2014:
“During the assignment restriction reference period, etc., the Rehabilitation Trustee will stop accepting applications for claim transfer proceedings through the Rehabilitation Claims Filing System.”
The document is unclear on the end date of the restriction period, but confirms that it will be followed by the first full repayment to creditors, as set out in the rehabilitation plan approved by approximately 99% of affected eligible users by the case.< /p>
The record also indicates that if a notice of transfer is submitted during the restriction period, the trustee may be unable to determine who to reimburse:
"This may prevent pardon creditors from receiving their preferred repayments, with the repayment date being significantly delayed compared to other pardon creditors, or at worst, the repayment amount may be deposited with the Office of Business of Tokyo in accordance with laws and regulations."
Earlier this week, rumors on Twitter of a 137,000 BTC dump put pressure on the crypto markets. Creditors
The restriction reference period is one of the final stages in the repayment of creditors, according to the document released on Wednesday.
New
Mt. Gox administrator Nobuaki Kobayashi released updated information on Wednesday regarding the long-defunct crypto exchange's creditor rehabilitation plan. According to the filing, the restriction reference period begins on September 15. During the phase, "the assignment, transfer or succession, the pledging or disposal by other means of rehabilitation claims is prohibited."
Kobayashi confirmed that creditors have until September 15 to submit claims regarding funds lost in the collapse of the first crypto exchange in 2014:
“During the assignment restriction reference period, etc., the Rehabilitation Trustee will stop accepting applications for claim transfer proceedings through the Rehabilitation Claims Filing System.”
The document is unclear on the end date of the restriction period, but confirms that it will be followed by the first full repayment to creditors, as set out in the rehabilitation plan approved by approximately 99% of affected eligible users by the case.< /p>
The record also indicates that if a notice of transfer is submitted during the restriction period, the trustee may be unable to determine who to reimburse:
"This may prevent pardon creditors from receiving their preferred repayments, with the repayment date being significantly delayed compared to other pardon creditors, or at worst, the repayment amount may be deposited with the Office of Business of Tokyo in accordance with laws and regulations."
Earlier this week, rumors on Twitter of a 137,000 BTC dump put pressure on the crypto markets. Creditors
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