In an official letter dated September 21, Kobayashi confirmed the alteration of the repayment deadline for the exchange’s creditors, shifting it from October 31, 2023, to October 31, 2024.
Kobayashi, with the approval of the Tokyo District Court, extended the deadlines for the base repayment, early lump-sum repayment, and intermediate repayment. Furthermore, he noted that for rehabilitation creditors who have furnished the required information, repayments could commence by the end of this year.
However, Kobayashi emphasized that the repayment schedule remains subject to change depending on evolving circumstances, and specific timings for individual rehabilitation creditors are yet to be determined.
As of now, the Mt. Gox estate holds approximately 142,000 Bitcoin and 69 billion Japanese yen. Mt. Gox, one of the earliest cryptocurrency exchanges, used to facilitate over 70% of all blockchain-related trades. However, following a major hacking incident in 2011, the platform’s collapse occurred in 2014 due to alleged insolvency. This catastrophic event impacted around 24,000 creditors and resulted in the loss of 850,000 BTC.
