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<ul><li>Mt. Gox&#39;s repayment deadline was extended to October 31, 2024, by Rehabilitation Trustee Nobuaki Kobayashi.</li><li>Extension is attributed to the time needed for verifying creditor information and stakeholder discussions.</li><li>Kobayashi emphasizes that the repayment &#34;schedule is subject to change&#34; and individual timings are yet to be determined.</li></ul>Nobuaki Kobayashi, the Rehabilitation Trustee overseeing the repayment process for Mt. Gox, has officially postponed the repayment deadline for the exchange&#39;s creditors. Initially scheduled for October 31, 2023, the new deadline has been deferred to October 31, 2024. Kobayashi cited the need for more time to verify the necessary information from rehabilitation creditors and to engage in discussions with various stakeholders as the reason for the delay.In a <a href="https://www.mtgox.com/img/pdf/20230921_announcement_en.pdf" rel="noopener noreferrer nofollow">letter</a> dated September 21, Kobayashi explained that the &#34;time required for rehabilitation creditors to provide the necessary information,&#34; along with the need for the &#34;Rehabilitation Trustee to confirm such information and engage in discussions,&#34; were pivotal factors in extending the repayment deadline. He also cautioned that the &#34;schedule is subject to change,&#34; emphasizing the fluid nature of the repayment process and its susceptibility to various circumstances.Earlier this year, in April, Kobayashi had <a href="https://cryptotale.org/the-due-date-for-mt-gox-repayments-has-been-moved-to-march/" rel="noopener noreferrer nofollow">announced</a> that the deadline for creditors to submit their repayment data had passed, which had given hope to the victims of the Mt. Gox hack that repayments were imminent. However, the recent announcement may be seen as another delay in a series of postponements that have plagued the repayment process.Read full article at <a href="https://cryptotale.org/mt-gox-trustee-announces-one-year-extension-for-repayment-deadline/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Mt. Gox Trustee Announces One-Year Extension for Repayment Deadline

CryptoTale

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