Coin

<ul class="news-points wp-block-list">
 <li>Mt. Gox repayment deadline extended to October 31, 2025, due to unresolved issues.</li>
 <li>Many creditors still await repayments because of incomplete procedures or delays.</li>
 <li>Creditors are urged to complete necessary steps in the system for faster repayment.</li>
</ul>
Mt. Gox, the cryptocurrency exchange that failed in 2014, has pushed back its repayment deadline by one year. The new deadline is now <a href="https://www.mtgox.com/img/pdf/20241010_1b5ee10e-cf5b-420e-9e41-43ccd9e515e5_announcement_en.pdf" target="_blank" rel="noopener noreferrer nofollow">October 31, 2025.</a> This change comes from a decision by the trustee, who is in charge of the repayment process for creditors. Many creditors haven’t received their repayments because of incomplete procedures or issues during the repayment process.
The <a href="https://coinedition.com/ex-mt-gox-ceo-returns-with-ellipx-promises-user-friendly-platform/" rel="noopener noreferrer nofollow">trustee</a> has announced that certain types of repayments are mostly complete. This includes base repayments, early lump-sum payments, and mid-term repayments. These were paid to creditors who successfully completed the required procedures. But many creditors are still waiting. Some have not finished the required procedures to get their money, while others have had problems that have slowed things down.
Because of these ongoing issues, the trustee asked for a court order to delay the repayment further. The court approved the extension, l…
The post <a href="https://coinedition.com/mt-gox-pushes-back-repayment-deadline-by-one-year/" rel="noopener noreferrer nofollow">Mt. Gox Pushes Back Repayment Deadline by One Year</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Mt. Gox Pushes Back Repayment Deadline by One Year

Coin Edition

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