Bitcoin’s price has seen a slight increase as the bankrupt crypto exchange Mt. Gox has announced a delay in the deadline for long-awaited BTC repayments. The exchange, which famously filed for bankruptcy in 2014 after losing hundreds of millions of dollars worth of Bitcoin, has been working towards reimbursing its users.
Mt. Gox had originally set a deadline of October 15, 2022 for repayments to be made to creditors. However, the exchange has now extended this deadline to March 15, 2023. This delay has caused some uncertainty among those waiting for their funds, but Mt. Gox has stated that they are taking the necessary time to ensure that the repayments are done properly.
Despite this delay, Bitcoin has seen a slight uptick in price, with many speculating that the news of Mt. Gox’s delay could be contributing to the positive movement. Bitcoin’s price has been relatively stable in recent months, hovering around the $40,000 mark.
Investors and creditors of Mt. Gox will have to wait a bit longer for their long-awaited repayments, but the delay seems to have had a positive impact on Bitcoin’s price. Time will tell how this situation unfolds, but for now, Bitcoin holders can enjoy the slight increase in value.