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Thursday, January 26, 2023

March 2023 Has Been Set As The New Deadline For Mt. Gox Cryptocurrency Payback Registration

The deadline for Mt. Gox creditors to register for cryptocurrency repayments has been extended to March 2023, according to a recent announcement. Mt. Gox was once the largest cryptocurrency exchange in the world, but it filed for bankruptcy in 2014 after a hack resulted in the loss of 850,000 bitcoins. The bankruptcy case has been ongoing for several years, and creditors have been waiting for the opportunity to receive some of their lost funds.

The original deadline for creditors to register for repayments was October 2021, but the trustee overseeing the bankruptcy case has now announced that the deadline has been pushed back to March 2023. The extension is intended to give creditors more time to prepare and submit the necessary documents. The previously announced deadline for repayment selection, which was on January 10, has been moved to Mar. 10, according to a statement made by Mt. Gox trustee Nobuaki Kobayashi on January 6. Kobayashi cited the “progress by rehabilitation creditors” in the selection and registration as the reason for the change in deadline. Additionally, before the revised deadline, creditors were advised to do the essential tasks in the notice.

Deadline For Mt. Gox Crypto: 

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It is worth noting that the amount of cryptocurrency each creditor will receive is still uncertain, as it will depend on the value of the assets remaining in the bankruptcy estate. Some creditors may receive a partial repayment, while others may not receive anything at all.

The Mt. Gox bankruptcy case has had a significant impact on the cryptocurrency industry, and the extended deadline for creditor registration is likely to be of interest to those who were affected by the hack. It remains to be seen how the case will ultimately be resolved, but for now, creditors will have to wait a little longer for the opportunity to potentially recover some of their lost funds.

 

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