Mt. Gox: repayment of Bitcoin exchange creditors postponed

Most creditors from Mt. Gox will still have to wait to get their bitcoins. The new date from refund is set at October 31, 2024.

This Thursday, Mt. Gox has announced that refund deadline of October 31, 2023 had been extended to October 31, 2023. October 31, 2024.

Given the time required for the rehabilitation creditors to provide the necessary information and for the administrator to confirm this information, engage in discussions and share information, the rehabilitation trustee will not be able to make the repayments,” the letter reads.

However, the exchange clarified that for creditors who have provided the trustee with the necessary information, repayments will be made in sequence. from the end of this year.

Created in 2010, the bitcoin exchange platform Mt. Gox went bankrupt 4 years later after embezzling more than 700,000 BTC by hackers.

Distribution to creditors includes 142,000 bitcoinsworth around $3.8 billion at current prices. The crypto exchange’s repayment plan had been approved for autumn 2021.

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