The Mt. Gox repayment deadline has been pushed another year, moving to Oct. 31, 2024. Meanwhile, PayPal has launched PYUSD on Venmo starting September 20 and rolling out to all eligible users throughout the next few weeks and CoinEx has rebuilt its wallet system following a $70 million hack and is set to resume deposit and withdrawals for select cryptocurrencies.
Mt. Gox repayment deadline moves to October 2024
Mt. Gox trustee Nobuaki Kobayashi has officially changed the deadline for paying back the exchange’s creditors from Oct. 31, 2023, to Oct. 31, 2024.
In a Sept. 21 letter, Kobayashi wrote that, with the permission of the Tokyo District Court, he had extended the deadline for the base repayment, the early lump-sum repayment and the intermediate repayment.
Mt Gox trustee moved the repayment deadline from October 31, 2023 to October 31, 2024 (one year forward) pic.twitter.com/uoqVKRFgFk
— Summers (@SummersThings) September 21, 2023
Presently, the Mt. Gox estate holds some 142,000 Bitcoin (BTC), 143,000 Bitcoin Cash (BCH) and 69 billion Japanese yen.
Mt. Gox was one of the earliest cryptocurrency exchanges, once facilitating more than 70% of all trades made within the blockchain ecosystem.
Following a major hack in 2011, the site subsequently collapsed in 2014 due to alleged insolvency; the fallout affected about 24,000 creditors and resulted in the loss of 850,000 BTC.
PayPal rolls out PYUSD stablecoin to Venmo users
PayPal announced the immediate availability of its PYUSD…
