Creditors of Mt. Gox, the defunct cryptocurrency exchange, are once again facing delays in receiving their funds
The prolonged wait stems from the 2014 hack, which saw Mt. Gox lose hundreds of thousands of Bitcoin.
The trustee, responsible for overseeing the remaining assets of Mt. Gox, has attributed the delay to logistical challenges. The extended timeline means that creditors will have to wait even longer to see any potential reimbursement from the funds held in trust. Since then, Mt. Gox has embroiled in a lengthy legal and financial recovery process. Creditors, who have been waiting for nearly a decade, have repeatedly seen deadlines pushed back due to complications in the asset recovery and distribution process.
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