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.<\/p>\n
The news comes after the trustee, tasked with refunding users, again decided to extend the submission deadline for claims.<\/p>\n
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.<\/p>\n
Kobayashi announced the deadline extension just one day before the current one, which was agreed in April, expired.<\/p>\n
When it collapsed in 2014, Mt. Gox was the biggest cryptocurrency exchange in the world, handling approximately 70 percent of all Bitcoin transactions.<\/p>\n
It officiallyfiled for liquidationin April 2014, claiming750,000 BTC had been lost, although 200,000 BTC was later recoveredfrom a forgotten wallet.<\/p>\n
Nobuaki Kobayashi was appointed a trustee after former CEO Mark Karpeles failed to safely operate the exchange.<\/p>\n
Last summer, apress releasewas published on the Mt. Goxwebsite alongside anonline toolfor submitting claims, signaling it was readyingto return$1 billion in stolencryptocurrency.<\/p>\n
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.<\/p>\n
Published October 31, 2019 13:39 UTC <\/p>\n
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Continued here: <\/p>\n
The never-ending Mt. Gox saga: Cryptocurrency recovery deadline pushed back (again!) - The Next Web<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 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. Continue reading