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Update: Deadline announced for Mt. Gox to decide how to get their money back

Update: Deadline announced for Mt. Gox to decide how to get their money back

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Answer Update: Deadline announced for Mt. Gox to decide how to get their money back

Become the creditors of Mt. Gox is one step away from getting their money back after nearly a decade of waiting.

This is because the Rehabilitation Trustee has issued a deadline for them to choose their preferred payment method.

Spread Nobuaki Kobayashi, the man responsible for the rehabilitation of Mt. Gox, new creditors update on Thursday (October 6, 2022).
Where his statement came that in front of creditors even January 10, 2023to choose a payment option and to record payee information known as selection and registration, via an online claim form.

According to the statement, those who fail to do so run the risk of not receiving the payment.

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Also, failure to complete the selection and registration process will disqualify affected creditors from receiving payment by bank transfer or through a money transfer service provider.

Cryptocurrency exchange Bitstamp has stated that the platform’s platform will be involved in the rehabilitation process.

According to the Bitstamp blog:

Bitstamp is pleased to announce support for the rehabilitation process for Mt. gox.

Rehabilitation creditors who choose Bitstamp will get their amount and what they owe to Mt. gox.

Meanwhile, there were fears that repayment could lead to massive bitcoin sell-offs, given the nearly decade bitcoins have been waiting in holders in wallets.

Some within the crypto community assumed that these people might want to sell their bitcoins, causing the price of the coin to fall due to selling pressure.

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