Mt. Gox Trustee Extends Bitcoin Repayment Deadline to 2025

The Mt. Gox trustee has pushed back the deadline for repaying Bitcoin creditors, extending it until 2025. This change, intended to mitigate potential market disruptions, will result in staggered payments and could introduce as much as $2.4 billion in selling pressure on the cryptocurrency market. 34,689 BTC currently held by Nobuaki Kobayashi, the trustee, may be released gradually through exchanges like Bitstamp and Kraken over time. The phased release aims to prevent sudden price drops and stabilize liquidity concerns.