<![CDATA[<figure class="image"><img src="https://cimg.co/news/125309/330976/mt-gox.jpg" alt="" srcset="https://cimg.co/news/125309/330976/responsive-images/mt-gox___media_library_original_1200_800.jpg 1200w, https://cimg.co/news/125309/330976/responsive-images/mt-gox___media_library_original_900_600.jpg 900w, https://cimg.co/news/125309/330976/responsive-images/mt-gox___media_library_original_720_480.jpg 720w, https://cimg.co/news/125309/330976/responsive-images/mt-gox___media_library_original_600_400.jpg 600w, https://cimg.co/news/125309/330976/responsive-images/mt-gox___media_library_original_300_200.jpg 300w" sizes="100vw" width="1200" class="content-img"><figcaption>Source: AdobeStock / prima91</figcaption></figure>Mt. Gox Rehabilitation Trustee has once again extended the deadline for repayments to its creditors.&nbsp;The bankrupt crypto exchange has changed the deadline of the Base Repayment, the Early Lump-Sum Repayment and Intermediate Repayment from October 31, 2023 to October 31, 2024.&nbsp;However, the latest update on <a href="https://t.co/2JcPVQ2Njr">Mt. Gox</a> website notes that the rehabilitation creditors who have provided the Trustee with the necessary information will receive repayments in sequence as early as the end of this year.&nbsp;<figure class="media"><oembed url="https://twitter.com/WuBlockchain/status/1704718696411996325"></oembed></figure><h2 id="mt-gox-owes-creditors-over-4-5-billion-in-crypto-and-yen">Mt.Gox Owes Creditors Over $4.5 Billion in Crypto and Yen&nbsp;</h2>Mt.Gox, <a href="https://cryptonews.com/news/deadline-looms-mt-gox-bitcoin-exchange-creditors-must-register-repayment-method-by-march-10-heres-latest.htm">originally set to repay its creditors</a> by the end of October 2023, will be delaying payments to most of its creditors, as per the latest update.&nbsp;The Japanese bitcoin exchange had lost 850,000 BTC in a hack in 2011, 4% of 21 million bitcoin that will ever be in existence.&nbsp;The exchange that facilitated over 70% of all trades filed for bankruptcy in 2024.However, the exchange managed to recover some of the stolen funds and has formed a repayment plan.&nbsp;The bankrupt exchange will return more than $5 billion to its creditors, a move that is speculated to have a massive impact on the leading cryptocurrency&rsquo;s price.&nbsp;Mt.Gox is set to reimburse its creditors 142,000 BTC ($3.84 billion), 143,000 BCH ($30 million) and 69 billion Yen, worth $465 million at the time of writing.&nbsp;Creditors have been waiting for over 9 nine years to receive any sort of compensation from the fallen exchange.&nbsp;The latest update from the exchange&rsquo;s trustee will make some creditors wait for a year before they can be reimbursed for their losses.
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Breaking: Mt. Gox Trustee Extends Repayment Deadline to October 2024

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Cryptonews.com

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