Mt. Gox, the bankrupt cryptocurrency exchange, has once again postponed its long-awaited repayment deadline, moving it to October 31, 2026. The announcement came on Monday from Rehabilitation Trustee Nobuaki Kobayashi, just a few days before the previous deadline of October 31, 2025.
Third delay in the repayment schedule
This marks the third extension of Mt. Gox’s long-awaited repayment process, which was initially set for October 31, 2023. Despite progress in reimbursing creditors, the trustee said many claimants still haven’t received their funds due to incomplete procedures or technical issues during processing.
In the official notice, Kobayashi explained that while the base repayment, early lump-sum repayment, and intermediate repayment have been “largely completed” for creditors who fulfilled all requirements without complications, a significant number remain unpaid.
“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 from October 31, 2025, to October 31, 2026,” the notice stated.
Progress so far
It’s been almost 10 years since Mt. Gox went down, and creditors are still waiting to get their money back. The Tokyo-based exchange, once the world’s leading Bitcoin (BTC) trading platform, collapsed in 2014 after losing around 850,000 BTC in a massive hack — one of the worst the crypto world has ever seen. The scale of the loss forced Mt. Gox to freeze withdrawals and file for bankruptcy, shaking global trust in cryptocurrency exchanges.
In September 2023, the trustee handling the case announced a plan to repay creditors using the assets that had been recovered over time. These included about 142,000 BTC, 143,000 bitcoin cash (BCH), and roughly 69 billion Japanese yen, which comes to around $510 million in cash.
By the middle of 2024, repayments finally started going out to some creditors through major exchanges like Kraken and Bitstamp, which were selected to assist with the distribution. On March 27, 2025, the trustee confirmed that around 19,500 creditors had finally received their repayments in Bitcoin and Bitcoin Cash.
Remaining assets and ongoing delays
Even after all this time, plenty of creditors are still waiting to get paid. Some couldn’t finish the verification steps, and others got stuck because of technical problems or missing documents that slowed everything down.
The process remains complicated and far from over. In its latest notice, the trustee said that repayments will continue “to the extent reasonably practicable,” pending court approval.
According to on-chain data from Arkham, Mt. Gox still holds 34,689 BTC, valued at roughly $4 billion. These remaining assets will likely form part of future distributions once pending issues are resolved.
Next steps for creditors
Creditors seeking updates or assistance are advised to use the Mt. Gox Online Rehabilitation Claim Filing System via claims.mtgox.com. However, the trustee warned that due to the high volume of inquiries, responses might be delayed.
With this new delay, Mt. Gox’s long repayment process stretches into 2026, leaving thousands of creditors waiting even longer to get back the funds they lost nearly a decade ago.
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