Mt. Gox extends repayment deadline by one year
Key Takeaways
Mt. Gox’s repayment deadline for creditors has been extended by one year.
The extension is to allow more time to complete Bitcoin and Bitcoin Cash distributions.
Share this article
Mt. Gox, a now-defunct crypto exchange currently managed by a rehabilitation trustee, has extended its repayment deadline by one year to complete asset distributions to creditors.
The extension provides additional time for completing Bitcoin and Bitcoin Cash distributions to verified creditors, addressing delays in the rehabilitation process. The trustee officially adjusted the timeline for base, early lump-sum, and intermediate repayments in the ongoing rehabilitation case.
The move marks continued progress toward resolving one of the crypto industry’s longest-standing bankruptcy cases. Mt. Gox collapsed in 2014 after losing hundreds of thousands of Bitcoin to hackers, affecting thousands of users worldwide.
