Recommended approaches for approved creditors:
f you’re an approved Mt. Gox creditor, you’re in a unique, sometimes frustrating, but ultimately pivotal position. Here’s how I’d recommend you approach the next phase, up to and through October 31, 2025:
1. Accept the Current Reality—And Don’t Waste Energy Fighting It
Right now, you can’t change your repayment method, transfer your claim, or update payee details. This isn’t a bug or a personal issue—it’s a deliberate, system-wide freeze imposed by the Trustee to ensure the process is secure and manageable. Accepting this reality frees up your energy for what you can control.
2. Stay Laser-Focused on Official Communications
Ignore the noise. There will be rumors, speculation, and even scams. Your only sources of truth are:
- The official Mt. Gox website (www.mtgox.com)
- The official claims portal (claims.mtgox.com)
Check these regularly. Set a calendar reminder. Don’t rely on social media, forums, or even well-meaning friends for critical updates.
3. Prepare Your Information—So You’re Ready to Act
When the system reopens (which it must, before the October 31, 2025 deadline), you’ll need to move quickly. Use this waiting period to:
- Decide which repayment method you want (crypto to a specific exchange, bank transfer, etc.)
- Gather all required details: bank account numbers, SWIFT/IBAN codes, exchange account info, and up-to-date KYC documents.
- If you’re considering the Early Lump-Sum Payment (ELSP) or other options, research the pros and cons now.
4. Be Hyper-Vigilant Against Scams
This is a prime target for fraudsters. The only safe way to access your claim is by manually typing the official URL or using a trusted bookmark. Never click links in emails, never share your login or wallet details, and never trust unsolicited messages—even if they look official.
5. Accept That You Can’t Transfer or Sell Your Claim—For Now
The restriction on claim transfers is absolute until at least October 31, 2025. Don’t waste time or money trying to find a workaround. Any attempt to transfer, sell, or assign your claim is not just risky—it’s invalid and could jeopardize your payout.
6. Mark the Final Deadline—And Don’t Miss It
October 31, 2025 is your absolute cut-off. If you don’t complete your repayment method selection and payee registration by then, you risk losing out on the most convenient (and possibly most valuable) repayment options, especially crypto payouts. You might be forced to accept a less desirable method, like picking up cash in Japan.
7. Practice Patience and Perspective
This process has been long, and it’s not over yet. But you’re closer than ever to resolution. Use this time to prepare, not to stew in frustration. Remember: the system-wide freeze is about protecting you and the process, not punishing you.
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