On October 14, a Tokyo court extended the period for submitting the final civil rehabilitation plan for users of the bankrupt bitcoin exchange Mt.Gox until December 15.
The rehabilitation plan has been prepared for over a year.
“There are matters that require closer examination,” so it has become necessary to extend the submission deadline,” said Nobuaki Kobayashi, the trustee of Mt.Gox.
The Mt. Gox crypto exchange is known for encountering the largest cryptocurrency hack in history. As reported, the exchange lost a total of 1.35 million Bitcoin (BTC) in two hacks in 2011 and 2014.
Despite the hacks happening years ago, Mt. Gox customers have still not received compensation for their stolen funds. Kobayashi, a Japanese lawyer who was appointed to oversee the civil reimbursement process, reportedly has 150,000 BTC to repay users. However, the refund process has been delayed multiple times since 2019.