Distribution of Mt. Gox bitcoins was postponed for another two months.

in #mtgox4 years ago

The trustee of Mt. Gox Nobuaki Kobayashi cryptographic exchange, which ceased to exist, today published another notice to postpone the deadline for filing the civil rehabilitation plan for another two months.

"The trustee is currently drawing up a civil rehabilitation plan, but in the light of the availability of issues requiring more careful study, there is a need to extend the deadline for submission, - said in a message on the website of Mt. Gox. - In light of the above, the trustee filed a petition to extend the deadline for filing a civil rehabilitation plan with the Tokyo District Court. On October 14, the Tokyo District Court issued an order to extend the deadline for filing a civil rehabilitation plan until December 15, 2020".

The previous decision to extend the deadline was issued in late June. Earlier Kobayashi referred to the need to assess users' claims for compensation, but since then his claims have lost specificity. The civil rehabilitation process of Mt. Gox started back in August 2018, and trading on the exchange after the loss of 850,000 BTC was stopped in 2014.

Until mid-2018, Kobayashi sold the remaining in the possession of Mt. Gox Bitcoins on its own and earned $230 million, but this amount is not enough to cover losses to creditors, even at prices in 2014. Thus, users are entitled to about 140,000 more BTC. The impact of these coins on the market, when they do get on the wallets of rightful owners, is a subject of long speculation in the community.

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