Mt. Gox, the defunct Tokyo-based Bitcoin exchange, has again postponed its creditor repayment deadline, and this time, to October 2026.
The extension comes just four days ahead of the previous deadline of October 31, 2025. According to an official notice from the rehabilitation trustee, a Tokyo court approved the delay to allow more time for creditors who have yet to complete necessary procedures or have faced processing issues during repayment.
The trustee stated that base, early lump-sum, and intermediate repayments have been “largely completed” for creditors who successfully verified their information, while others remain in limbo.
New Delay in $4B Bitcoin
Notably, the latest action marks the third extension of Mt. Gox’s repayment timeline. Initially slated for completion in October 2023, the process faced extensions multiple times due to verification delays and logistical complications.
As of March 2025, the trustee reported having repaid 19,500 creditors in Bitcoin and Bitcoin Cash. Data from Arkham Intelligence shows the exchange still holds around 34,689 BTC, worth $3.98 billion at current prices.
Notably, Mt. Gox’s rehabilitation process began after its 2014 collapse following the theft of 850,000 BTC. It remains one of the longest-running recovery efforts in crypto history.
Recovered Assets and Ongoing Repayments
In 2023, the trustee outlined plans to reimburse creditors with recovered assets, including 142,000 BTC, 143,000 BCH, and ¥69 billion ($510 million) in fiat.
They have distributed repayments through exchanges such as Kraken and Bitstamp, but many creditors have yet to receive their funds.
Meanwhile, the drawn-out process has created recurring uncertainty for Bitcoin markets. When the estate first announced repayments in mid-2024, Bitcoin briefly slid toward $61,000 amid fears of a mass sell-off.
However, later delays marked short-term relief for market liquidity, reducing immediate selling pressure.
Despite years of speculation about an impending “Mt. Gox dump,” most analysts now believe large-scale liquidation risk is limited.
Many creditors have already hedged or arranged OTC exits, while the current Bitcoin market’s depth can also absorb future supply. The muted reaction to a $2.8 billion Mt. Gox-linked transfer in late 2024 further supported this sentiment..
Ultimately, the Mt. Gox case continues to remind market participants of crypto’s early vulnerabilities and the long wait for those hoping to recover their lost Bitcoin.
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