Mt. Gox creditors get one more year of waiting.
Rehabilitation trustee Nobuaki Kobayashi announced on October 16 that a Japanese court approved pushing the repayment deadline from October 31, 2026 to October 31, 2027. This is the fourth consecutive extension — the date has slipped every year since 2023.
The stated reason: many creditors are still unpaid, either because they never finished the required procedures or because problems came up while payments were being processed. The Base, Early Lump-Sum and Intermediate repayments are largely done for creditors who filed correctly — more than 19,500 had received BTC and BCH by March 2025.
For markets, the honest read: the October 31 deadline was the date traders circled for a possible creditor-sell wave. That overhang is now parked for 12 more months. Bitcoin sits at $82,483, up 1.6% on the day — the tape is moving on macro, not this.
Fourth extension in four years. Does this saga ever actually end? NFA. DYOR.
$BTC #Bitcoin #MtGox
Rehabilitation trustee Nobuaki Kobayashi announced on October 16 that a Japanese court approved pushing the repayment deadline from October 31, 2026 to October 31, 2027. This is the fourth consecutive extension — the date has slipped every year since 2023.
The stated reason: many creditors are still unpaid, either because they never finished the required procedures or because problems came up while payments were being processed. The Base, Early Lump-Sum and Intermediate repayments are largely done for creditors who filed correctly — more than 19,500 had received BTC and BCH by March 2025.
For markets, the honest read: the October 31 deadline was the date traders circled for a possible creditor-sell wave. That overhang is now parked for 12 more months. Bitcoin sits at $82,483, up 1.6% on the day — the tape is moving on macro, not this.
Fourth extension in four years. Does this saga ever actually end? NFA. DYOR.
$BTC #Bitcoin #MtGox