Mt Gox Rehabilitation Plan Delayed Again to December 15

Mt Gox Rehabilitation Plan Delayed Again to December 15


The submission deadline for the Mt Gox civil rehabilitation plan has been extended once again, this time to December 15. The deadline has been pushed back at least three times before, including in the latest case, where submission was scheduled for October 15.

Mt Gox’s rehabilitation trustee, Nobuaki Kobayashi said Thursday that he needed more time to finalize the plan, “as there are matters that require closer examination with regard to the rehabilitation plan”.

Trending: President Trump Inspires New “Trump Dance Challenge” Online and People Are Loving It!

The Tokyo District Court granted Kobayashi, a Japanese lawyer appointed to oversee the repayment of investors, the deadline extension he sought on Oct. 14.

Mt Gox went from handling 70% of global bitcoin trades in 2013 to bankruptcy in 2014 after more than 850,000 BTC (worth over $470 million at the time and about $9.7 billion now) were supposedly lost to hackers, with 200,000 bitcoins recovered two weeks later.

Following the hack, the court later ordered the

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!