Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: sirty143 on October 18, 2018, 05:42:17 PM
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Clients of the long-defunct crypto exchange Mt. Gox must submit any claims for trapped funds by Oct. 22.
As previously reported by CoinDesk, the exchange first opened up the claims process in August, following a protracted bankruptcy battle.
In June, petitioners asking for their bitcoin back won a major victory, as the Japanese bankruptcy court overseeing the proceedings shifted the case to one of civil rehabilitation, meaning creditors could file for their cryptocurrency holdings, rather than a fiat equivalent based on cryptocurrency prices in 2014.
Bitcoin was worth less than $600 at the time, but has since soared to around $20,000 in December 2017 and is at $6,508 at press time, according to CoinDesk data.
After the October deadline passes, as set out in late June, Mt. Gox trustee Nobuaki Kobayashi will have a further three months to file a statement of approval or rejection. See more for yourself here (https://www.criptalk.com/mt-goxs-bitcoin-creditors-have-4-days-to-submit-rehabilitation-claims/).