Guardian of the now defunct Japanese cryptocurrency exchange Mt. Gox has received further approval to extend the deadline for submitting a rehabilitation plan.

After moving Mt. Gox Rehabilitation Secretary Nobuaki Kobayashi has given a new order to extend the deadline to December 15, 2020, according to an official announcement posted on Mt. Gox website October 15th.

Similar to previous statements regarding the extension of the deadline, the new announcement emphasizes that the rehabilitation secretary is still developing a plan, but “these are issues that require careful investigation”, therefore “it became necessary to extend the deadline for submission”.

According to the Cointelegraph, Kobayashi received a number of similar timeline extensions in March 2020 and April 2019.

Install. The Gox stock exchange is known for having encountered the biggest cryptocurrency hack in history. The exchange allegedly lost a total of 1.35 million bitcoins (BTC) in two hacks in 2011 and 2014.

Despite the breakthroughs that happened many years ago, Mt. Gox customers have not yet received compensation for the stolen money. Kobayashi, a Japanese lawyer appointed to oversee civil payment processes, reportedly has 150,000 bitcoins to pay out to users. Since 2019, however, the return process has been postponed several times.

Source: CoinTelegraph

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