Mt. Gox Bitcoin Reimbursements Drag On 11 Years After 850,000 BTC Hack

Mt. Gox lost 850,000 BTC in a 2014 security breach, barring users from withdrawing funds. This began a decade-long pursuit of reimbursement.
Mt. Gox has repeatedly postponed repayment deadlines, now extending to Oct. 2024, 11 years after the hack.
In 2014, Mt. Gox handled 70% of Bitcoin transactions but filed for bankruptcy after the hack.
Mt. Gox CEO Mark Karpelès was arrested in 2015 for allegedly manipulating the system to inflate his account.
In 2017, Karpelès admitted to operating the "Willy Bot" to manipulate exchange volumes but said it wasn't illegal.

cointelegraph.com

Relevant topic timeline:

9/19/2023

Bitcoin Price Rises on Mt. Gox Repayment Hopes, But Fall to $22K Predicted

Bitcoin's price has surged 5% in the past week, potentially due to speculation that Mt. Gox's repayments will be delayed until 2024, although QCP Capital still expects the price to fall to $22,000 in October; this comes ahead of Benzinga's Future of Digital Assets conference on November 14.

9/21/2023

Mt. Gox Trustee Extends Repayment Deadline to 2024, Plans to Start Repaying Creditors by End of 2022

Rehabilitation trustee Nobuaki Kobayashi has extended the repayment deadline for Mt. Gox creditors by one year, with repayments expected to begin at the end of this year.