TLDR
- Mt. Gox has extended its creditor repayment deadline by one year to October 31, 2026, marking the third delay since the original October 2023 deadline
- The rehabilitation trustee has largely completed repayments for around 19,500 creditors who met all necessary conditions and faced no issues
- Many creditors still haven’t received payments because they failed to complete required procedures or encountered issues during the process
- Mt. Gox currently holds 34,689 BTC worth approximately $4 billion in its wallet address according to Arkham Intelligence data
- The Tokyo-based exchange collapsed in 2014 after losing 850,000 BTC in a security breach and is working to repay creditors with recovered assets including 142,000 bitcoin and 143,000 bitcoin cash
The defunct crypto exchange Mt. Gox has delayed its creditor repayment deadline by another year. The new deadline is October 31, 2026, extended from the previous date of October 31, 2025.
🚨 BREAKING: Mt. Gox has delayed creditor repayments by another year, now due October 2026.
The exchange still holds 34,689 $BTC awaiting distribution.
Further postponing one of the most anticipated sell events in Bitcoin’s history. ⏳ pic.twitter.com/YC7zEnvgPF
— Bitcoinsensus (@Bitcoinsensus) October 27, 2025
The rehabilitation trustee announced the extension on Monday, just four days before the original deadline. The trustee received court permission to make this change.
This marks the third time Mt. Gox has postponed its repayment deadline. The original deadline was set for October 31, 2023.
The trustee stated that the extension is necessary to make repayments to creditors “to the extent reasonably practicable.” Many creditors still need to complete required procedures or resolve issues before they can receive their funds.
The rehabilitation process has seen some progress. The trustee has largely completed base repayments, early lump-sum repayments, and intermediate repayments for creditors who finished the eligibility procedures without problems.
According to the March 27, 2025 announcement, approximately 19,500 creditors have received repayments. These payments were distributed in bitcoin and Bitcoin Cash.
The Mt. Gox Collapse
Mt. Gox was founded in 2010 as a Tokyo-based exchange. It grew to become one of the largest platforms for bitcoin trading at the time.
In 2014, the exchange suffered a major security breach. The hack resulted in the loss of 850,000 Bitcoin.
The exchange was forced to halt withdrawals. Mt. Gox then filed for bankruptcy protection.
Current Repayment Status
Many creditors have reported receiving payments through Kraken and Bitstamp exchanges since mid-2024. However, a large number of creditors remain unpaid.
The main reason for non-payment is incomplete procedures. Some creditors failed to complete the necessary eligibility steps.
Other creditors encountered issues during the repayment process. These problems have prevented the trustee from distributing their funds.
Mt. Gox still holds substantial assets. Arkham Intelligence data shows the exchange currently has 34,689 BTC in its wallet address.
At current prices, this amounts to approximately $4 billion worth of bitcoin. The trustee aims to reimburse creditors with recovered assets.
In September 2023, the trustee announced plans to return a portion of original losses. The recovered assets include 142,000 bitcoin and 143,000 bitcoin cash.
The trustee also holds fiat currency totaling 69 billion Japanese yen, which equals approximately $510 million. Bitcoin traded at $111,540 as of the time of the announcement.
