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  Rehabilitation trustee Nobuaki Kobayashi has extended the Mt. Gox repayment deadline by one year. 
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<div class="cointelegraph"> 
 <p>Mt. Gox <a rel="noopener noreferrer nofollow" title="trustee" href="https://thebittimes.com/tag/trustee.html">trustee</a> Nobuaki Kobayashi has officially <a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a>d the <a rel="noopener noreferrer nofollow" title="deadline" href="https://thebittimes.com/tag/deadline.html">deadline</a> for paying back the ex<a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a>’s creditors from Oct. 31, 2023, to Oct. 31, 2024.</p> 
 <p>In a Sept. 21 letter,&nbsp;Kobayashi wrote that, with the permission of the Tokyo District Court, he had extended the deadline for the base repayment, the early lump-sum repayment and the intermediate repayment.</p> 
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  <img src="https://cdn.thebittimes.com/images/2023/09/21/073cf9e2203ecd6b8b31a4a699f33e70.webp"> 
  <figcaption style="text-align: center;"> <em>Notice concerning the change of repayment deadlines. Source: Mtgox.com</em> 
  </figcaption> 
 </figure> 
 <p>Additionally, Kobayashi explained that, for rehabilitation creditors who have provided the necessary information, <a rel="noopener noreferrer nofollow" title="repayment" href="https://thebittimes.com/tag/repayment.html">repayment</a>s will be made in sequence as early as the end of this year.</p> 
 <p>“Please note that the schedule is subject to <a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a> depending on the circumstances, and the specific timing of <a rel="noopener noreferrer nofollow" title="repayment" href="https://thebittimes.com/tag/repayment.html">repayment</a>s to each rehabilitation creditor has not yet been determined,” Kobayashi added.</p> 
 <p>Presently, the Mt. Gox estate holds some 142,000 Bitcoin (BTC), 143,000 Bitcoin Cash (BCH) and 69 billion Japanese yen.</p> 
 <p>Mt. Gox was one of the earliest cryptocurrency exchanges, once facilitating more than 70% of all trades made within the blockchain ecosystem.</p> 
 <p>Following a major hack in 2011, the site subsequently collapsed in 2014 due to alleged insolvency; the fallout affected about 24,000 creditors and resulted in the loss of 850,000 BTC.</p> 
 <p class="post-content__disclaimer">This is a developing story, and further information will be added as it becomes available. </p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/breaking-mt-gox-trustee-changes-repayment-deadline-to-october-2024-tbt63466.html">https://thebittimes.com/breaking-mt-gox-trustee-changes-repayment-deadline-to-october-2024-tbt63466.html</a></p>

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

TheBitTimes

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