Nobuaki Kobayashi, the Rehabilitation Trustee of ill-fated Bitcoin exchange MTGOX, today announces expansion of the registration functions of the MTGOX Online System.

The Trustee says he has released a registration function for creditors who have filed rehabilitation claims (i.e., creditors whose creditor numbers begin with X or Y) and have thus far been unable to log in to the System in order to register their rehabilitation claims.

The Trustee is considering using the System to facilitate the smooth carrying out of future processes, such as voting on the rehabilitation plan and making payments. The Trustee is now asking all eligible creditors to promptly register on the System.

In addition, it is recommended that when using the system, the creditors browse via the latest version of Google Chrome.

In the future, the Trustee plans to expand further the registration function, enabling creditors with self-approved claims (i.e., creditors whose creditor numbers begin with Z) to also register such claims. Once notified by the Trustee, self-approved creditors will be required to use this registration function to register on the System.

As with the bankruptcy proceedings, the Rehabilitation Trustee has built an online system on which users of MTGOX’s Bitcoin exchange can file proofs of rehabilitation claim with respect to the claims for return of cryptocurrency and money against MTGOX. The system went live in August 2018. By using the online system, creditors are able to easily participate in the Civil Rehabilitation Proceedings through filing proofs of Exchange-Related Rehabilitation Claim in accordance with the Civil Rehabilitation Act of Japan and other laws and ordinances.

Filing proofs of rehabilitation claim with the Online Method will benefit all interested parties in the Civil Rehabilitation Proceedings, including the users themselves, as it will ensure that the Civil Rehabilitation Proceedings are appropriately and smoothly executed.

Compared to filing proofs of rehabilitation claim with the Online Method, filing proofs of rehabilitation claim with the Offline Method requires time and money, and the Offline Method has no particular advantages.

The deadline for filing proofs of rehabilitation claim set by the Tokyo District Court has passed. It was October 22, 2018 (Japan time).

On December 15, 2020, the Rehabilitation Trustee filed a draft rehabilitation plan. The Tokyo District Court and an examiner will review the plan and determine whether to proceed with the rehabilitation proceedings.