Mt. Gox delays repayment deadline, pushes it to October 2025
The defunct exchange had an original repayment deadline of October 31, 2024 Mt. Gox said the delay was down to creditors not completing the repayment steps and issues arising from the repayment process In 2024, Mt. Gox collapsed following a security breach, resulting in the loss of 850,000 Bitcoin Defunct crypto exchange Mt. Gox has pushed its repayment deadline to October 2025, adding another year from its original date. According to a statement from the exchange, it will now repay creditors on October 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),” Mt. Gox said. This marks the second time the platform has moved its deadline. In a 2023 statement, the platform announced that it wa...