Mt. Gox repayment window opens to make repayments by October 31

The deadline for Mt. Gox creditors to provide repayment information has passed and Mt. Gox trustees are now able to make basic, intermediate and early lump-sum payments by the October 31 deadline, according to a letter from the Mt. Gox trustee. The trustee noted that he will carry out preparations for repayment, coordinating with a list of financial institutions, including cryptocurrency exchanges, that will receive payments and distribute them to creditors. "In view of this, it is expected that it will take some time for the repayment to start," the trustee said, and with the permission of the Tokyo District Court, the repayment period can be extended. Mt.Gox will distribute an unknown portion of its holdings of 142,000 BTC ($3.9 billion), 143,000 BCH ($17.9 million), and 69 billion yen ($523 million). Foresight News previously reported that on January 6, the Mt. Gox creditor registration deadline was postponed from January 10, 2022, to March 10 (Japan time), with basic repayment deadlines, early one-time repayment deadlines, and mid-term repayment deadlines The deadline has also been extended from July 31, 2023 to September 30, 2023.