The trustee overseeing the collapsed Japanese crypto exchange Mt. Gox has extended the creditor repayment deadline to October 31, 2025. This extension was deemed necessary to ensure all creditors complete the repayment process. The previous deadline of October 31, 2024, has been pushed back to allow creditors who have not yet received their repayments to finalize the required procedures. Despite facing delays, Mt. Gox has made significant progress in distributing Bitcoin and Bitcoin Cash to around 21,000 creditors through platforms like Kraken, Bitstamp, and BitGo. The exchange, once the world's largest, filed for bankruptcy in 2014 after a massive hack. Mt. Gox wallets currently hold 44,900 BTC, valued at $2.75 billion. Metaplanet, a Japanese firm, aims to invest ¥7.5 billion in Bitcoin by 2024 to capitalize on its volatility. Additionally, the reclassification of digital assets under the Financial Instruments and Exchange Act could lead to a reduced tax rate on crypto gains. Read more AI-generated news on: https://app.chaingpt.org/news