Mt. Gox Trustee Extends Creditor Repayment Deadline by 1 Year, Citing Need for More Time to Confirm Info and Arrange Payouts

Nobuaki Kobayashi extended Mt. Gox creditor repayment deadline by 1 year to October 31, 2024.
Extension needed due to time required for creditors to provide info and for trustee to confirm and arrange repayments.
Repayment of creditors who have provided info may begin by end of 2022.
Mt. Gox was once largest Bitcoin exchange but collapsed in 2014 after major hack, with 24,000 creditors owed.
Mt. Gox estate holds approx 138,000 BTC worth $3.7B, similar in BCH, plus $46.5M in Japanese yen.

decrypt.co

Relevant topic timeline:

8/23/2023

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9/19/2023

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

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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.

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Posted 9/21/2023, 9:51:24 AM