Mt. Gox, the defunct cryptocurrency exchange, has once again postponed its creditor repayment deadline, moving it from October 31, 2025, to October 31, 2026, as announced by the rehabilitation trustee on Monday. This marks the third extension since the original deadline of October 31, 2023, highlighting ongoing challenges in the decade-long effort to reimburse victims of the 2014 collapse.
The trustee stated that while base, early lump-sum, and intermediate repayments have been largely completed for creditors who successfully finalized eligibility procedures, many are still awaiting funds due to incomplete paperwork or technical complications. To ensure all eligible creditors are repaid to the extent reasonably practicable, the extension was necessary and approved by the court.
Founded in 2010 in Tokyo, Mt. Gox once handled around 70% of global Bitcoin trades before a massive security breach in 2014 led to the loss of 850,000 BTC, forcing the exchange into bankruptcy. In September 2023, the trustee revealed plans to distribute recovered assets, including 142,000 bitcoin (BTC), 143,000 bitcoin cash (BCH), and 69 billion yen (approximately $510 million) in fiat currency.
Since mid-2024, some creditors have reported receiving repayments through exchanges like Kraken and Bitstamp, with about 19,500 creditors repaid in BTC and BCH as of March 27, 2025. However, Mt. Gox still holds approximately 34,689 BTC, valued at around $4 billion according to Arkham's on-chain data, underscoring the complexity and scale of unfinished repayments.
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