Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Extended Repayment Timeline from Mt. Gox Eases Investor Concerns

Extended Repayment Timeline from Mt. Gox Eases Investor Concerns

CryptodnesCryptodnes2024/10/10 19:00
By:Cryptodnes

Mt. Gox has recently announced that it received court approval to extend its repayment plans, leading to a surge in market confidence.

Concerns about the firm’s compensation process had previously weighed heavily on investor sentiment, causing fears of a potential selloff in Bitcoin and other altcoins.

The Mt. Gox Rehabilitation Trustee revealed that the deadline for repaying creditors has now been pushed back to October 31, 2025.

This change aims to alleviate the pressure on creditors who have been waiting for their funds, ensuring that they can complete the repayment process without rushing.

READ MORE:
Here is When We Can Expect Bitcoin ETF Options

Many creditors had encountered complications in the previous repayment setup, leaving them without compensation despite fulfilling the necessary requirements.

This extension is seen as a positive development for the market, as it not only helps restore confidence among investors but also addresses the challenges faced by those awaiting repayment. As the market digests this news, it may help stabilize prices and mitigate the earlier selloff concerns that had influenced investor behavior.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!