Mt. Gox repayment deadline pushed to 2027, $2.8B in Bitcoin remains

The rehabilitation trustee for the bankrupt crypto exchange Mt. Gox has received approval from a Tokyo court to delay the deadline for creditor repayments by one year, setting the new due date as October 31, 2027. Trustee Nobuaki Kobayashi attributed the latest extension to the fact that many creditors have not yet completed the necessary procedures to receive their repayment, while others have encountered additional complications during the process. Kobayashi confirmed that most of the base, early lump-sum, and intermediate repayments have already reached creditors who finalized all required documentation without issues.

Source: CoinTurk News