The trustee of defunct Bitcoin exchange Mt. Gox has again extended the deadline for submitting and approving the rehabilitation plan to repay users.
Trustee Blames ‘Large Amount’ Of Claims
According to a translated statement, which appeared April 25, Nobuaki Kobayashi, Mt. Gox’s trustee in charge of the rehabilitation process says the new submission deadline is now October 28, 2019.
The previous cut-off point was scheduled for Friday this week, but Kobayashi acknowledged that the volume and complexity of user claims meant such a timeframe was insufficient.
“A large amount of rehabilitation claims that the Rehabilitation Trustee fully or partially disapproved remains undetermined for being subject to claim assessment procedures,” the statement reads.
Accordingly, it is not possible at this moment to make appropriate provisions in a rehabilitation plan on modifications of the rights of the rehabilitation claims, repayment methods, and appropriate measures for the undetermined rehabilitation claims and therefore to…