Mt. Gox’s rehabilitation trustee obtained Japanese court approval to extend the creditor repayment deadline from October 31, 2026 to October 31, 2027, marking the fourth consecutive annual postponement since 2023. This decision prolongs a recovery process that began after the exchange’s collapse in February 2014, which resulted in the loss of approximately 850,000 Bitcoin. Despite significant progress since July 2024, with more than 19,500 creditors having received Bitcoin and Bitcoin Cash payments, many claimants remain unpaid due to incomplete procedures or processing issues. Trustee Nobuaki Kobayashi stated that the additional year would allow settlement of outstanding claims wherever reasonably practicable, without providing a specific timeline or updated count of affected creditors.
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