Mt. Gox Repayment Delayed: 137,000 Bitcoin Still on Hold, Now Targeting September 2024?
Creditors of the defunct cryptocurrency exchange, Mt. Gox, are facing yet another delay. The repayment process for creditors of the defunct cryptocurrency exchange, Mt. Gox, has been extended once again. The trustee responsible for the remaining assets has announced a postponement, pushing the anticipated distribution timeframe further back. This means the fate of approximately 137,000 Bitcoin, currently on hold, remains uncertain for the time being.
While specific dates haven't been finalized, unofficial information points to a potential restricted reference period that begins on September 15. During this period, all forms of reinstatement claims transferred or inherited, taken as collateral or related to the repayment process will be carefully scrutinized. This delay stems from ongoing efforts to ensure a fair and secure distribution of assets to all eligible creditors.
This news comes as a disappointment to those who have been patiently waiting for years to recover their lost funds. The Mt. Gox saga began in 2014 with a devastating hack. 1 de sept. de 2025 With the exchange handling about 70 percent of the overall Bitcoin transaction across the globe, the attack on the platform caused chaos. Hackers reportedly epayments. The repayments will be made from the beginning of July 2025. We have taken time to ensure safe and reliable repayment to creditors, including technical. This incident shook the cryptocurrency world and highlighted the risks associated with centralized exchanges. The initial projections were for repayments to begin much earlier.
The ongoing delays underscore the complexity of unwinding the Mt. Gox bankruptcy and distributing the remaining Bitcoin to rightful owners. According to the latest reports, the restricted reference period begins on September 15. During this period, all forms of reinstatement claims transferred or inherited, taken as collateral or The focus remains on verifying claims and preventing fraudulent activity. The trustee's office emphasizes its commitment to a transparent and equitable process, but the sheer scale of the operation contributes to the protracted timeline. The community hopes for a more concrete timeline soon so that the creditors can finally receive their compensation.
Stay tuned for further updates on the Mt. Gox repayment process as they become available. We will continue to monitor the situation and provide timely information to keep you informed.