Mt. Gox Pushes Repayment Deadline by a Year

The defunct crypto exchange had earlier announced plans that the deadline for its repayments would be Oct. 31, 2023, which has now been pushed to Oct. 31, 2024.

The creditors of Mt. Gox's creditors have been looking for some sort of relief for a decade. The prominent crypto exchange was hacked in 2014, which led to 850,000 bitcoin , worth nearly $23 billion based on current prices, being stolen. The exchange managed to recover around 20% of the stolen tokens after the hack.impact on bitcoin prices, due to the sheer size of the tokens being released, but would not destablize bitcoin, UBS had said in a report earlier this year.

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