Rehabilitation Plan For The Mt.Gox Exchange Extended Once More To December 2020



  • Rehabilitation Plan For The Mt.Gox Exchange Extended Once More To December 2020

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    Another approval has been obtained in order to extend the deadline for submitting a rehabilitation plan by the trustee of the now-ended Mt.Gox Japanese crypto platform.

    Following this approval being obtained by the trustee, Nobuaki Kobayashi, the deadline has been extended until the 15th of December this year by the Tokyo district court. It comes following an official announcement on the platform's official website published earlier today.

    This new announcement specifically details that the rehabilitation trustee is still formulating an official plan but this time, “there are matters that require closer examination“. As a result of this, it has become necessary to extend the submission deadline.

    Unless you’ve been living under a rock for the past a few years within the crypto space, the Japanese platform is infamous as well being a part of the biggest cryptocurrency hack in history. 1.35 million bitcoins were lost in two hacks from 2011 to 2014.

    Many customers of the exchange have yet to receive their compensation despite the attacks happening six or more years ago. Kobayashi is a Japanese lawyer who has been appointed to look into the civil reimbursement process from the platform. Although as has been revealed today, this has been delayed on numerous occasions since last year.


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