The trustee overseeing the collapsed Japanese crypto exchange Mt. Gox has extended the creditor repayment deadline by one year to Oct. 31, 2025, according to an Oct. 10 statement.
The exchange’s Rehabilitation Trustee, Nobuaki Kobayashi, stated that the extension was necessary to complete the repayment process for all creditors. The previous deadline had been set for Oct. 31, 2024.
Why Mt Gox shifted deadline
According to the trustee, the new timeline allows creditors who have not yet received their repayments to complete the required procedures.
The trustee noted that many creditors have not received their funds due to various issues that arose during the repayment process that began in July.
The Rehabilitation Trustee emphasized the importance of accommodating as many creditors as possible, stating:
“As it is desirable to make the Repayments to such rehabilitation creditors to the extent reasonably practicable, the Rehabilitation Trustee, with the permission of the court, has cha
We współpracy z: https://cryptoslate.com/mt-gox-extends-creditor-repayment-deadline-to-2025/
