Mt. Gox extends repayment deadline by one year
Crypto Briefing
Mt. Gox has extended its creditor repayment deadline by another year to finalize Bitcoin and Bitcoin Cash distributions.Summary
Creditors affected by the 2014 collapse of the Mt. Gox crypto exchange will have to wait an additional year as the rehabilitation trustee has extended the repayment deadline. This extension is necessary to allow more time to complete the distribution of Bitcoin and Bitcoin Cash assets to verified creditors. The trustee officially adjusted the timeline for base, early lump-sum, and intermediate repayments in the ongoing rehabilitation case, marking continued, albeit slow, progress in resolving one of the crypto industry's longest bankruptcy proceedings.
(Source：Crypto Briefing)