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Home » Mt. Gox Delays Repayments for Another 12 Months!
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Mt. Gox Delays Repayments for Another 12 Months!

September 21, 2023No Comments1 Min Read
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Mt. Gox Delays Repayments for Another 12 Months!
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Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Sep 21, 2023 11:26

Mt. Gox, the defunct crypto exchange, has delayed its planned repayments for another 12 months, according to an announcement on Thursday. The deadline for repayments, originally set for October 31, 2023, has now been postponed to October 31, 2024. The exchange was hacked in 2014, leading to the theft of 850,000 BTC, worth nearly $23 billion based on current prices. Mt. Gox managed to recover only around 20% of the stolen tokens. The delay in repayments could impact bitcoin prices due to the substantial quantity of tokens being released, though UBS has earlier said it would not destabilize bitcoin.


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