Bankrupt crypto exchange Mt. Gox has once again postponed the repayment deadline for its creditors. Now, some victims of its collapse will not be able to receive funds until next year.
The new report shows that most creditors have already received primary and early payments, but some still need to complete the necessary procedures or encountered various problems. Therefore, the repayment deadline has been postponed from Oct. 31, 2024, to Oct. 31, 2025.
“As it is desirable to make the Repayments to such rehabilitation creditors to the extent reasonably practicable, the Rehabilitation Trustee, with the permission of the court, has changed the deadline for the Repayments from October 31, 2024 (Japan Standard Time) to October 31, 2025 (Japan Standard Time).”
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Market remains calm after news from Mt. Gox
Bitcoin (BTC) is trading around $61,000, with the bare increase of less than 1% in the last 24 hours — the news from Mt. Gox has not caused much of a reaction in the market.
According to Arkham, Mt. Gox’s crypto wallet currently holds 44,905 Bitcoin, equivalent to more than $2.7 billion.
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Author: Anna Kharton
