Bitcoin

Ethereum

<a href="https://optimisus.com/news/crypto-news/mt-gox-transfers-75m-in-bitcoin-to-bitstamp-sparking-market-reactions/" rel="noopener noreferrer nofollow">The defunct cryptocurrency exchange Mt. Gox</a> has extended its repayment deadline to October 31, 2025, pushing it back by a year from the previous date.This decision was made with court approval, as the Rehabilitation Trustee aims to ensure that repayments to creditors are carried out as smoothly as possible.This marks the second postponement of the repayment timeline; earlier in 2023, the deadline was shifted from October 31, 2023, to the current date. Once the largest crypto exchange, <a href="https://optimisus.com/news/crypto-news/a-crypto-wallet-containing-2-billion-worth-of-mt-gox-bitcoin-initiates-a-trial-transaction/" rel="noopener noreferrer nofollow">Mt. Gox</a> handled about 70% of Bitcoin transactions before its downfall in 2014 due to a significant hack that resulted in the loss of approximately 850,000 Bitcoin.In July, the exchange began distributing around $9 billion in recovered assets to creditors, but it still retains about 44,905 Bitcoin, valued at roughly $2.8 billion, according to Arkham Intelligence. The recent delay in repayments is attributed to creditors not completing necessary procedures and complications in the repayment process itself.

Defunct crypto exchange Mt. Gox pushes its repayment deadline to October 2025

Optimisus

Other articles published on Oct 12, 2024

This $0.0006 Meme Token Could Soar to $60, According to a Polkadot Investor Who Profited $8 Milli...

Binance's 60th Launchpool Project: What is Scroll?

Qubetics: The Next Big Player in Global Transactions? Exploring Monero’s Gains and Near Protocol’...

Acara Blockchain Internasional, Blockchain Life 2024, Digelar pada 22-23 Oktober di Dubai

Qubetics’ Prices Set for Significant Growth—Now Is the Perfect Time to Expand Your Wealth Manifold

Inovasi DeFi di FXGuys: Menjembatani TradFi dan Solusi Terdesentralisasi

Join our free newsletter for daily crypto updates!