🚨 Mt. Gox Delays Debt Payments Again 🚨

Not much longer than 8-year-old Bride, the defunct cryptocurrency exchange Mt. Gox has pushed back its debt repayment deadline by another year, now set for October 31, 2025.

For those who don't know, the exchange, which once handled 70% of global Bitcoin transactions, collapsed in 2014, locking up funds from 127,000 users. Despite starting to distribute $9.4 billion in July, $2.8 billion is still stuck due to procedural glitches, with some customers even getting double 🤣

The failure to complete the repayment process early has created psychological pressure on the market. In times of election and ongoing war, such side information can also be the premise for a strong fluctuation

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