Mt. Gox, one of the first crypto trading exchanges to go bankrupt, has once again delayed creditor repayments, and this time it has postponed them by a year. Related: What is Crypto? Cryptocurrency explained On Oct. 27, the Rehabilitation Trustee announced that it has, with the court's permission, changed the deadline for the repayments from Oct. 31, 2025, to Oct. 31, 2026. The trustee said though it has completed most of the base, early lump-sum, and intermediate repayments, many creditors still haven't ...

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Core Insights - The repayment saga of Mt. Gox has been extended to October 31, 2026, delaying the release of approximately 34,689 BTC and reducing immediate sell-off fears in the Bitcoin market [2][4][6] - Bitcoin's price rose nearly 4% to $115,559 following the announcement of the repayment delay, indicating a positive market reaction [2][5] - The extension is a result of ongoing legal and administrative issues related to the 2014 Mt. Gox collapse, which saw hackers steal around 850,000 BTC [4][3] Group 1: Market Impact - The delay in repayments alleviates concerns about a potential large-scale sell-off of Bitcoin, which could have occurred if the BTC were released to creditors [2][5] - The current value of the locked BTC is over $4 billion, which represents a significant amount of capital that remains off the market [4] - Analysts suggest that the recent activity in Mt. Gox wallets may indicate preparations for future distributions, although the delay has stabilized the market for now [5][6] Group 2: Legal and Administrative Context - The Japanese court's approval for the one-year extension highlights the complexities and ongoing challenges in resolving the Mt. Gox case [3][4] - Over 127,000 users have been waiting for compensation for more than a decade, reflecting the prolonged nature of the legal proceedings [4] - The rehabilitation trustee, Nobuaki Kobayashi, noted that while many repayments are largely completed, unresolved cases remain due to incomplete procedures [3]

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Kraken reported Q3 revenue of $648 million, up 114% year-on-year, marking an all-time high. Adjusted EBITDA reached $179 million with a profit margin of 27.6%. The exchange said the surge was driven by its 2025 acquisitions and ongoing IPO preparations.https://t.co/9BITUvrhdb(net%20of,and%20breadth%20of%20our%20platform. ...

First time seeing Bitget (peer/competitor) posts good things about me. 😂Truly appreciate it. 🙏🤝Gracy Chen @Bitget (@GracyBitget):很为CZ和行业感到高兴。经此一役，更多加密公司，尤其是交易所都会更认真地布局美国市场Happy for CZ and the industry. After this episode, more crypto companies, esp exchanges, will likely strengthen their focus on the US market. ...

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Regulatory Landscape - Cryptocurrency exchanges face scrutiny for enabling money laundering, as exemplified by Binance founder's guilty plea in 2023 [1] - Political divisions exist regarding cryptocurrency regulation, with accusations of power abuse and a "war on cryptocurrency" [2] Market Participants - Former President Trump pardoned Binance founder Changpang Zhao (CZ) [1] - The Trump family has a crypto venture worth billions of dollars [2]

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🚨 WAZIRX RETURNS!India’s largest crypto exchange set to restart trading on October 24 with zero fees. Here are the details👇https://t.co/zQhgHfM519 ...