Editor's Note: This article comes fromNakamoto Shallot (ID: xcongapp), Odaily is authorized to publish.

, Odaily is authorized to publish.

Mt. Gox continues to extend its settlement plan. On March 30, Mt.Gox announced on its official website that since Nobuaki Kobayashi, the settlement trustee, filed a motion with the Tokyo District Court seeking to extend the deadline for submitting the settlement plan, the deadline for submitting the settlement plan has been extended to July 1, 2020. Kobayashi Nobuaki also filed a motion to extend the deadline of the settlement plan in April 2019, and was approved by the court to postpone the date to October.

Once the settlement plan begins, all cryptocurrency and fiat creditors of Mt. Gox will receive funds to pay. However, in its March 30 announcement, Mt. Gox was vague, saying only that the reason for the postponement of the liquidation plan was that “certain details related to the plan require further examination.”

According to previous media reports, after the Mt.Gox exchange collapsed due to hacking in early 2014, a total of 24,000 creditors were affected by this incident, mainly creditors holding cryptocurrencies. 850,000 BTC were lost in the incident, worth nearly $460 million at the time and currently worth $5.5 billion.

The Japanese court agreed to the exchange’s request and started civil settlement in June 2018. Nobuaki Kobayashi finally proposed the bond repayment draft on March 24, 2020. Xiao Cong’s article mentioned that according to the draft, creditors can choose the form of repayment they receive, or choose to receive legal currency, or choose to receive compensation mixed with legal currency, Bitcoin, and Bitcoin Cash. There are no alternatives to cryptocurrencies other than Bitcoin and Bitcoin Cash. Other cryptocurrencies will be sold, and the document specifically mentions BSV, as well as BTG and some other cryptocurrencies. Statistics show that Mt. Gox once held nearly 202,000 BSV (current market value of 35 million US dollars). Part of it will be liquidated in fiat currency, so the sell-off of Bitcoin or BCH that investors fear will not happen, but BSV is not included in the option of repaying debtors, which means that BSV will be sold, or has already been sold. Therefore, the impact of the possible sell-off in Mt. Gox's repayment plan on the market has become a topic of concern to investors recently.