Nearly a decade after its collapse, defunct cryptocurrency exchange Mt. Gox has once again delayed its long-awaited creditor repayments — pushing the final deadline from October 31, 2025, to October 31, 2026.
In an announcement released Monday, the exchange’s rehabilitation trustee said that while most of the base, early lump-sum, and intermediate repayments have been “largely completed” for creditors who met all eligibility requirements, many others are still waiting. Delays stem from incomplete procedures or complications during the repayment process.
“As it is desirable to make the repayments to such rehabilitation creditors to the extent reasonably practicable, the Rehabilitation Trustee, with the permission of the court, has changed the deadline for the repayments,” the notice stated.
This marks the third official extension of the repayment timeline, which was first set for October 2023.
A Long Road to Recovery
Founded in Tokyo in 2010, Mt. Gox quickly rose to dominance as one of the world’s largest Bitcoin trading hubs before a devastating 2014 security breach wiped out about 850,000 BTC, forcing the company into bankruptcy.
In 2023, the court-appointed trustee confirmed plans to reimburse creditors using recovered assets — including 142,000 Bitcoin (BTC), 143,000 Bitcoin Cash (BCH), and 69 billion Japanese yen (around $510 million) in fiat currency.
By mid-2024, reports surfaced that some creditors had begun receiving partial repayments through exchanges such as Kraken and Bitstamp. A March 2025 update confirmed that 19,500 creditors had received payments in BTC and BCH.
Despite this progress, on-chain analytics from Arkham indicate that Mt. Gox still holds about 34,689 BTC, currently valued at roughly $4 billion, awaiting distribution.
What’s Next for Creditors
The latest extension aims to give remaining creditors more time to complete necessary documentation and ensure smooth transactions. While the process has been painstakingly slow, each update reflects incremental progress toward resolving one of crypto’s longest-standing insolvency cases.
For many affected users, the hope of full repayment now rests on 2026 — marking more than twelve years since Mt. Gox’s dramatic fall from grace.
