Cryptocurrencies

Mt. Gox Rehabilitation Plan Deadline Extended Yet Again, This Time to Dec. 15

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Mt. Gox’s rehabilitation trustee Nobuaki Kobayashi announced Thursday an extension to the submission deadline for a rehabilitation plan for the bankrupted exchange, the latest in a long list of deadline extensions.

  • The trustee is working on the rehabilitation plan, according to a notice published Thursday. But “matters that require closer examination” made it “necessary to extend the submission deadline.”
  • The deadline has been extended multiple times, with the most recent extensions happening in November 2018, April 2019 and this past March.
  • Now the deadline is set for Dec. 15.
  • In a status report filed Oct. 7, the trustee wrote, “It should be noted that the deadline may be further extended.”
  • Mt. Gox declared bankruptcy in 2014 after hackers stole 850,000 bitcoins from its servers.

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