Deadline for Bitcoin payouts pushed back one year

The law firm Nobuaki Kobayashi, which is acting as trustee for the assets of the formerly bankrupt Bitcoin exchange Mt. Gox, actually wanted to pay out all claims by Oct. 31 of this year.

According to a statement from the law firm, this deadline could be not be met. Now Nobuaki Kobayashi is setting the deadline for payment of all assets at Oct. 31, 2024. The trustee cites the complexity of the case as the reason for the delay. You have to communicate all creditor information to stakeholders such as banks and stock exchanges - that takes a lot of time. According to Glassnode data, Nobuaki Kobayashi manages 137,890 BTC that will be paid out to creditors of the former exchange.