I hate to be the bearer of bad news, but victims who lost money as a result of Mt. Goxs implosion will have to wait even longer to get their refunds.

The news comes after the trustee, tasked with refunding users, again decided to extend the submission deadline for claims.

In a statement released earlier this week,Nobuaki Kobayashi said a Tokyo District Court had issued an order to extend the deadline until March 31, 2020.

Kobayashi announced the deadline extension just one day before the current one, which was agreed in April, expired.

When it collapsed in 2014, Mt. Gox was the biggest cryptocurrency exchange in the world, handling approximately 70 percent of all Bitcoin transactions.

It officiallyfiled for liquidationin April 2014, claiming750,000 BTC had been lost, although 200,000 BTC was later recoveredfrom a forgotten wallet.

Nobuaki Kobayashi was appointed a trustee after former CEO Mark Karpeles failed to safely operate the exchange.

Last summer, apress releasewas published on the Mt. Goxwebsite alongside anonline toolfor submitting claims, signaling it was readyingto return$1 billion in stolencryptocurrency.

As frustrating as it must be for victims, it seems they have no other choice but to sit and wait for their cryptocurrency to be returned.

Published October 31, 2019 13:39 UTC

Continued here:

The never-ending Mt. Gox saga: Cryptocurrency recovery deadline pushed back (again!) - The Next Web