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Representatives of the crypto exchange that went bankrupt in 2013 announce the date of return of 137,000 bitcoins

9:42 am, September 1, 2022

The debt repayment date of the cryptocurrency exchange Mt. Gox has been postponed again. Initially, the company wanted to start the process at the end of August, but on the last day of summer, the platform’s website announced that, according to a court decision, payments would not begin until September 15 and would be extended for an indefinite period.

According to Django Bits, the operator of the channel for creditors of the cryptocurrency exchange Mt. Gox, the process of debt repayment could «drag on for months, if not years.» Since BTC is currently experiencing growth, market analysts are concerned that Mt. Gox customers will sell their recovered BTC, which will lead to even more turbulence in the cryptocurrency market.

As a reminder, due to the hack, Mt. Gox exchange lost about 850 thousand BTC, of which 750 thousand belonged to customers. Subsequently, the management announced the «discovery» of 200,000 BTC. It is from these funds that the company plans to compensate users. In early July, the trustee of the hacked exchange, Nobuaki Kobayashi, published a guide on how to reimburse users affected by the hack. Kobayashi asked users to register on a special page and fill out documents with the details for the payment — it will be open until September 15.

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