Trustee Opens Formal Claims Process for Mt Gox Customers

Mt. Gox bitcoin protest

Mt Gox customers can now formally make a claim against the defunct exchange, with the potential to receive their payout in bitcoin.

The process is being overseen by exchange Kraken, appointed to assist Mt Gox’s bankruptcy trustee Nobuaki Kobayashi last November.

According to instructions posted on the Mt Gox homepage, account holders have until 29th May (Japan time) to fill out forms directly from the Mt Gox homepage, or open an account with Kraken and begin from there.

The online claims process is available due to the large majority of Mt Gox’s 100,000 creditors living outside Japan, enabling them to participate more easily in the bankruptcy process.

Those who cannot supply a Mt Gox username or password will need to complete the process offline, mailing a printed form instead.

Bitcoin payouts possible

With a Kraken account, users are able to request a payout in bitcoin. Those who do not have Kraken accounts, or do not wish to open one, would have to receive any payout in fiat currency.

It is still not 100% certain that distribution in bitcoin is possible, but the trustee says it is investigating.

Kraken is also offering up to $1m in

Read more ... source: CoinDesk