Mt. Gox Extends Repayment Deadline of Estimated $3,700,000,000+ in Bitcoin (BTC) and Bitcoin Cash (BCH) Payout
In a new announcement, Mt. Gox rehabilitation trustee Nobuaki Kobayashi says that the crypto exchange will not be able to make certain repayments by their original deadline of October 31, 2023, and has extended the date by a year.
However, according to Kobayashi, the extension only applies to creditors who failed to disclose necessary information on time – those who did will be paid by the original deadline of October 31, 2023.
Mt. Gox was infamously hacked in 2011 when bad actors gained access to wallets containing BTC and stole 850,000 of the top crypto asset by market cap, worth about $500 million at the time. At today’s prices, that equates to about $22 billion worth of BTC.
