Mt. Gox extends repayment deadline to October 31, 2026, causing further delay for creditors seeking restitution from the 2014 collapse. Trustee Nobuaki Kobayashi cites incomplete procedures and issues affecting creditors who haven’t received distributions despite previous repayments. The court-approved extension aims to facilitate distributions to creditors “to the extent reasonably practicable.”

Mt. Gox-linked wallets transferred 11,833.64 BTC worth over $1 billion on March 6, with 166.5 BTC moved to a known cold wallet and the rest to an unidentified address. Exchange-related entities still control 36,080 BTC valued at $3.26 billion, down from 850,000 BTC before the 2014 hack. Speculation arises around creditor distributions or holdings restructuring.

Strive Asset Management plans to acquire 75,000 Bitcoin through Mt. Gox bankruptcy claims, valued at $8 billion, pending shareholder approval. The strategy aims to purchase Bitcoin at discounted prices to enhance per-share value. Strive has raised $750 million for Bitcoin purchases, recently merging with Semler Scientific to add nearly 5,816 BTC to its treasury.

FTX announces September 30 as the start date for the next cash distribution round, with August 15 as the record date for eligible claimants. The distribution covers various claim classes through partners BitGo, Kraken, and Payoneer. FTX secures court approval to reduce disputed claims reserve by $1.9 billion, freeing capital for payouts.

FTX has returned $6.2 billion following its November 2022 collapse, with founder Sam Bankman-Fried receiving a 25-year prison sentence for defrauding customers and investors of over $11 billion. Bankman-Fried’s projected release date is December 14, 2044, sparking speculation about a potential presidential pardon following recent clemency for Binance founder Changpeng Zhao.

Read more at Yahoo Finance: Mt. Gox Delays Creditor Repayments Again, Pushes Deadline to 2026