Top Stories of The Week
Mt. Gox pushes repayment plan deadline to October 2025
Defunct crypto exchange Mt. Gox has postponed the deadline to repay its creditors by a year, pushing the due date to return funds to Oct. 31, 2025.
According to an official announcement, “many rehabilitation creditors still have not received” their repayments after not completing the required procedures.
The platform was one of the earliest crypto exchanges in the world and, at one point, handled about 70% of all global Bitcoin transactions. It faced a series of security breaches and unnoticed hacks that led to a halt in withdrawals and its eventual collapse in 2014, locking the funds of about 127,000 users.
Nigerian court denies bail for Binance exec despite health concerns
A Nigerian court has rejected a bail application by Binance executive Tigran Gambaryan, which cited health concerns. The court instructed the prison to refer him to a hospital for treatment.
Judge Emeka Nwite of Nigeria’s Federal High Court in Abuja denied Gambaryan’s bail application on Oct. 11, according to a report by Bloomberg.
Nwite reportedly ruled that the Binance executive should remain in prison despite his worsening health, as such a condition “does not entitle them [prisoners] to leave custody.”
The judge reportedly said that Gambaryan would be allowed to leave only if the “continuous stay of the detainee possesses a harm to others and quarantine isn’t available.”
Ex-FTX exec scheduled to report to prison after judge denies request
After several legal attempts to delay reporting to prison for a seven-and-a-half-year sentence, former FTX Digital Markets co-CEO Ryan Salame will likely be behind bars by the end of the day on Oct. 11.
In an Oct. 10 filing in the United States District Court for the Southern District of New York, Judge Lewis Kaplan denied Salame’s request to begin serving his sentence on Dec….
..
