Refunds to Mt. Gox customers postponed to October 2024
- Reimbursement of the controversial Bitcoin exchange platform Mt. Gox postponed to October 31, 2024
- The reimbursement has been delayed three times
Mt. Gox, founded in 2010, was one of the first Bitcoin exchange platforms. In 2014, it suffered a cyber attack that led to the loss of 850,000 BTC. Using the recovered funds – around 20% of the enitre amout – the bankruptcy trustee aims to reimburse more than 10,000 creditors.
The new delay
The bankruptcy trustee of Mt. Gox recently announced another delay in the deadline for Bitcoin repayment. As revealed in a note on September 21, the new deadline is set for October 31, 2024, exceeding the previous deadline by one year. This move is necessary to complete all reimbursement processes that would not have been completed by October 31, 2023.
This is yet another chapter in the Mt. Gox repayment saga, which has seen more than one occasion where the receiver has had to postpone the deadline: this is the third postponement.
The actual amount that will be repaid has not been disclosed but will be made in cryptocurrencies and is rumoured to be equivalent to around $8.5 billion currently.
