Mt. Gox Creditors Now have a New Repayment Schedule

A notification from the creditors states that the due date for

The first installment of repayments from Mt. Gox has been moved from July 31 to September 30, a two-month delay. Payments have also been delayed by two months, to March 10.

Furthermore, the deadline for providing banking and cryptocurrency exchange information has been pushed out from January 10 to March 10. According to former CEO Mark Karpeles, who revealed this in a Telegram chat message, the deadline was extended since a significant number of customers had not yet submitted their information.

There will be a base payment provided to each creditor. Moreover, they will either accept an early lump sum payment or a later payment for a different amount. Payments can be made in either fiat currency or cryptocurrencies, or both. This will be deposited into the recipient's bank account or cryptocurrency exchange.

Kraken's possible impacts exist

The departure of Kraken from Japan may have little effect on the majority of debtors or repayments, but it may cause problems for Japanese clients who want to convert their cryptocurrency to fiat money and withdraw to a local bank account.

According to Mt. Gox creditors, the timing change may be related to Kraken's exit from the Japanese market as a crypto exchange. It was one of the exchanges from which creditors could receive cryptocurrency payments. However, the exchange announced that, as a result of global layoffs, it will exit the Japanese market in January.

Some creditors said that the new deadline will make it easier for them to verify their cryptocurrency exchange details in time for the current deadline. They have previously had problems doing so. One creditor claimed to be from Japan and to have registered Kraken as their exchange on the Mt. Gox creditors Telegram channel. 

After learning of Kraken's intention to leave the country, they signed up for two more exchanges in order to provide an alternative form of payment.

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