The trustee of the collapsed Mt. Gox exchange has extended the deadline for completing creditor repayments from October 31, 2026 to October 31, 2027 Japan Standard Time, according to a notice dated October 16 from rehabilitation trustee Nobuaki Kobayashi. The court-approved change applies to the three repayment tracks under the rehabilitation plan: the Base Repayment, Early Lump-Sum Repayment and Intermediate Repayment.
The trustee said payments are largely complete for creditors who finished required procedures and encountered no problems, but many creditors have not completed the necessary steps, and a considerable number remain unpaid because of issues that arose during the repayment process. The notice changes only the date and does not disclose how much is still owed, which assets remain, or when further distributions will run.
This is the fourth time the deadline has been moved. The original date was October 31, 2023, and it has slid by a year each autumn since. The 2025 extension was announced on October 27, four days before the cutoff, while this latest change came about two weeks ahead of it.
The rehabilitation plan disclosed in September 2023 covered about 142,000 BTC, about 143,000 BCH and roughly 69 billion yen in cash. By the trustee's March 2025 update, about 19,500 creditors had been repaid in bitcoin and bitcoin cash. Arkham Intelligence's September 30 count put the estate's labelled wallets at 34,387 BTC, worth about $2.9 billion at the time.
The payouts have run through designated exchanges. In 2024, creditors reported emails confirming bitcoin addresses ahead of distributions. In May, the estate moved more than 140,000 BTC to a single new wallet. In July 2024, bitcoin slid under $55,000 as the estate moved $2.7 billion from cold storage, and by month's end the trustee had paid more than 17,000 creditors through Bitbank, Kraken, Bitstamp and SBI VC Trade. By the time of a test transaction in August, the estate's addresses held about 46,000 BTC, down from 141,000.
A wallet movement has never been a sale, and the estate has moved coins between its own addresses several times. Still, traders closely watch the repayment deadline. A deadline a year further out removes the nearest reason to expect a large distribution, which is why earlier extensions were read as easing sell pressure.
Bitcoin currently trades between $80,000 and $85,000, with ETF flows turning negative and the Federal Reserve meeting on October 28. About $2.9 billion of estate bitcoin is small compared with those flows, but it is the supply the market has been waiting on since 2014.
