“Mt. Gox Creditors Opt to Hold on to Returned BTC Post September Payout, Reveals Latest Plan”
Mt. Gox, a now-defunct Bitcoin exchange based in Japan, has announced that it will return Bitcoins to its creditors by September 2023. The exchange has stated that it has no intention of selling the large digital assets it will receive this year and will instead hold onto them to avoid making a poor decision by selling at the wrong time. Despite facing several litigations, the bankrupt exchange has opted for an early payout scheduled for the end of the year. Creditors are now faced with a difficult decision of whether to accept the September payout or wait for a potentially better offer in the future. Mt. Gox has postponed the selection of eligible creditors and the enrollment deadline by two months, according to a recent announcement.