Breaking: Mt. Gox trustee changes repayment deadline to October 2024

Mt. Gox trustee Nobuaki Kobayashi has officially changed the deadline for paying backmost the exchanges' creditors from Oct. 31, 2023, to Oct. 31, 2024.

In a Sept. 21 letter, Kobayashi wrote that with support of the Tokyo District Court, helium had extended the deadline for the basal repayment, the aboriginal lump-sum repayment and the intermediate repayment. 

Notice concerning the alteration of repayment deadlines. Source: Mtgox.com

Additionally, Kobayashi explained that for rehabilitation creditors who person provided the indispensable information, repayments volition beryllium made successful series arsenic aboriginal arsenic the extremity of this year.

"Please enactment that the docket is taxable to alteration depending connected the circumstances, and the circumstantial timing of repayments to each rehabilitation creditor has not yet been determined," Kobayashi added. 

Presently, the Mt. Gox property holds immoderate 142,000 Bitcoin (BTC), 143,000 Bitcoin Cash (BCH) and 69 cardinal Japanese Yen. 

Mt. Gox was 1 of the earliest cryptocurrency exchanges, erstwhile facilitating much than 70% of each trades made wrong the blockchain ecosystem.

Following a large hack successful 2011, the tract subsequently collapsed successful 2014 owed to alleged insolvency; the fallout affected astir 24,000 creditors and resulted successful the nonaccomplishment of 850,000 BTC.

This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.