📣 UPDATE: Mt. Gox Extends Repayment Deadline! 🚨

The decade-long saga for Mt. Gox creditors continues. The Rehabilitation Trustee has officially announced another extension for the repayment deadline.

Key Detail:

The new deadline for repayments is now October 31, 2026 (Japan Standard Time).

Why the Extension?

* While Base, Early Lump-Sum, and Intermediate Repayments are largely complete for creditors who followed the process smoothly, many others still have not received their funds.

* The extension is to ensure repayments can be made to rehabilitation creditors "to the extent reasonably practicable," as a considerable number have faced issues or have yet to complete the necessary procedures.

What Does This Mean?

* For Creditors: More time to complete procedures, but also another year of waiting for final closure.

* For the Market: The potential selling pressure from the distribution of a large amount of Bitcoin (\sim 142,000 BTC) is once again delayed by a full year.

💡 Market Impact Theory:

Some analysts often eye the Mt. Gox repayment date as a potential market event due to the significant amount of BTC/BCH involved. This delay temporarily removes the immediate threat of a major supply influx on the market floor.

What are your thoughts on this delay? Drop a comment below! 👇

#MtGox #Bitcoin #CryptoNews #BTC #Repayment #BinanceSquare

Would you like me to draft a more concise version of this post, or perhaps focus on the potential Bitcoin market impact?