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Mt. Gox delays repayment deadline, pushes it to October 2025

  • Defunct crypto exchange Mt. Gox has pushed its repayment deadline to October 2025, adding another year from its original date.
  • Mt. Gox cited incomplete repayment steps from creditors and issues arising from the repayment process as reasons for the delay.
  • The exchange, which suffered a security breach in 2014 resulting in the loss of 850,000 Bitcoin, originally had a deadline of October 31, 2024.
  • Mt. Gox began repaying creditors in July with recovered assets, but still holds 44,905 Bitcoin worth around $2.8 billion.

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