The trustee handling the Bitcoin exchange’s payouts delays them by a full year
Mt. Gox, the Bitcoin exchange that collapsed over a decade ago, has once again delayed its long-awaited repayments to creditors, extending the deadline by another year. According to a notice released Monday, the new repayment date is now set for October 31, 2026, replacing the previous deadline of October 31, 2025. The delay comes despite some creditors already receiving partial payments earlier this year.
The trustee overseeing the process said the extension was necessary due to “incorrect or incomplete paperwork” submitted by some creditors. While many base and early lump-sum payments have reportedly been processed, others remain pending. The trustee emphasized that the additional time would allow the repayment process to continue “to the extent reasonably practicable,” with the court granting permission for the deadline change.
Mt. Gox was once the world’s largest Bitcoin exchange, handling over 70% of global trading volume before it went bankrupt in 2014 after losing roughly 850,000 BTC to a hack. About 200,000 BTC were later recovered, and rehabilitation proceedings have been underway in Japan for nearly a decade. Creditors have been waiting years for reimbursement through a complex court-supervised plan that includes payouts in Bitcoin, Bitcoin Cash, and fiat currency.
The exchange still holds around 34,690 BTC, worth roughly $4 billion at current prices, according to blockchain data from Arkham Intelligence. That total is significantly lower than the 142,000 BTC it held in mid-2024, suggesting that some distributions have already taken place.
Market analysts have long debated whether large-scale repayments from Mt. Gox could trigger selling pressure on Bitcoin. While some fear a short-term price dip when repayments resume, others believe the impact will be limited, as many creditors are long-term holders who may not immediately cash out their recovered coins.
