The trustee of the now defrauded Japanese cryptocurrency exchange Mt. Gox has obtained another approval to increase the deadline for submitting a rehabilitation plan.
Following a motion by Mt. Gox rehabilitation trustee Nobuaki Kobayashi, the Tokyo District Court issued another order to increase the deadline until 15th Dec., this year, consistent with the official announcement posted on the Mt. Gox website earlier on 15th Oct.
Similar to earlier statements on deadline extensions, the new announcement specifies that the rehabilitation trustee remains to formulate the plan, but “there are matters that need closer examination,” so it “has become necessary to increase the submission deadline.”
The Mt. Gox cryptocurrency exchange is understood for encountering the most major cryptocurrency hack within the history. As reported, the exchange lost a complete of 1.35 Mln Bitcoin [BTC] in two hacks in 2011 and 2014.
Despite the hacks happening years ago, Mt. Gox users have still not received compensation for their stolen funds. Kobayashi, a Japanese lawyer who was appointed to oversee the civil reimbursement process, reportedly has 150k BTC to repay users. However, the refund process has been delayed multiple times since last year.