Mt. Gox Delays Repayments to 2025
Mt. Gox, a defunct cryptocurrency exchange, has extended its repayment deadline to next year.
The exchange now plans to repay its creditors by October 31, 2025, after having previously moved the deadline from October 31, 2023 to October 31, 2024.
In a recent release, the exchange stated, “In order to make repayments to rehabilitation creditors to the best of our ability, with court approval, the Rehabilitation Trustee has changed the deadline for repayments from October 31, 2024 (Japan Standard Time) to October 31, 2025 (Japan Standard Time).”
This decision has temporarily eased concerns about the potential impact on Bitcoin’s price, which had previously fallen to its lowest point since May when Mt. Gox moved 47,229 BTC ahead of a payout worth nearly $9 billion.
