Hey, I just read that Mt. Gox postponed its repayments again. It’s been, like, 10 years already!

Yeah, it's crazy, right? They’ve moved the deadline to October 2025 now. Some creditors still haven’t been paid since Mt. Gox went bankrupt in 2014.

What’s taking so long? I thought they started paying people last year.

They did, but only for some creditors. Mt. Gox has had to deal with a lot of legal and technical challenges to make sure they pay the right people. And crypto transactions are more complicated than traditional payments.

That makes sense, but still… ten years! How’s the market reacting to this new delay?

Surprisingly, the market is pretty calm. Bitcoin’s price didn’t drop much after the news. Some people were worried that a big sell-off might happen once payments start, but so far, nothing major.

Right, I remember people talking about a ‘Bitcoin crash’ if Mt. Gox released all the funds at once. But if it’s delayed again, does that mean the market can breathe easier for now?

Kind of, yeah. The delay means there’s more time for the market to absorb any potential Bitcoin sales. Plus, some experts are saying that these delays might even help keep the market stable for a bit longer.

Hmm, interesting. So why are some people still waiting? Didn’t Mt. Gox already transfer a lot of Bitcoin earlier this year?

They did. In fact, they moved thousands of Bitcoin in preparation for early payments. But some creditors still haven’t completed all the necessary steps, like filing claims or verifying information. And since this involves so much money, everything needs to be 100% secure and accurate.

It sounds like such a huge mess. Why is this taking so long legally?

Well, crypto laws weren’t very clear back in 2014. And since Mt. Gox was such a big case, it brought up a lot of questions about how to handle bankruptcies in the crypto world. It’s not as simple as traditional assets; Bitcoin can be spread across different wallets and addresses, making it harder to track.

I see. So, it’s not just about finding the Bitcoin, but also about making sure it gets to the right people in the right way.

Exactly. It’s a mix of legal, technical, and security challenges. But the good news is that 60% of creditors have already been paid, so progress is being made.

I just hope the remaining creditors don’t have to wait another 10 years!

Same here. Let’s see if this new deadline sticks. It’s a long process, but hopefully, this delay is the last one.