The court allowed MTGOX to postpone payments to creditors for another year – Bits Media

The court allowed the collapsed cryptocurrency exchange to MTGOX to extend the deadline for repayment of payments to creditors before 31 October 2024 of the year. This delay can lead to an increase in bitcoin course.

According to the letter of the trusting manager MTGOX Nobuaki Kobayashi (Nobuaki Kobayashi), District Court of Tokyo allowed to postpone the terms of the basic, early one -time and intermediate repayment before 31 October 2024 of the year. Previously announced, that losses of creditors will be compensated for 31 October of this year. However, Kobayashi noted, that the trustee cannot complete payments to the agreed deadline.

Creditors, providing detailed information to the trusting manager MTGOX, may receive payments at the end 2023 of the year. The schedule can be changed depending on the circumstances and specific deadlines, which can also lead to delay in payments. Creditors, which have not yet submitted applications for compensation for losses, asked to fill out the documents before paying.

MTGOX creditors have been waiting for a refund for almost ten years, and the term of payments has already been repeatedly postponed. In the future, Debt repayment may affect the Bitcoin course, since lenders will begin to sell or exchange crypto assets. Former MTGOX traders have been afraid for a long time, that payments to the victims of hacking will wrap the Bitcoin market. Therefore, the delay in the implementation of the rehabilitation plan can contribute to the bull trend of bitcoin.

Details of bankruptcy MTGOX and what can give creditors a rehabilitation plan read in a detailed article on bits.media.