Mt. Gox, once the world’s largest Bitcoin exchange, has once again postponed repayments to its creditors, extending the deadline to October 31, 2026, according to an official notice published on October 27, 2025. The extension marks another chapter in one of crypto’s longest-running sagas, stretching more than a decade since the exchange’s infamous collapse.
The announcement, issued by rehabilitation trustee Nobuaki Kobayashi, confirmed that the Tokyo District Court formally approved the extension after determining that some creditors still faced difficulties completing repayment procedures or encountered issues during the process. The previous repayment deadline had been October 31, 2025.
Kobayashi stated that “most base, early lump-sum, and intermediate repayments have been completed for creditors who fulfilled all necessary requirements,” but emphasized that a significant number of eligible creditors remain unpaid. He noted that repayments would continue “to the extent reasonably practicable” within the extended timeline.
⚡️JUST IN: Mt. Gox has extended its repayment deadline to Oct 31, 2026. pic.twitter.com/PSoigVYpnn
— HodlFM Team (@Hodl_fm) October 27, 2025
Administrative hurdles delay final distributions
The trustee cited persistent logistical and procedural complications as key reasons behind the delay. Many creditors, according to the notice, “have not completed the necessary procedures for receiving repayments,” while others encountered technical or verification issues during processing.
To manage creditor communications, Mt. Gox has reminded users to make inquiries through its online rehabilitation claim filing system at claims.mtgox.com. However, the notice also warned that responses to inquiries may be delayed due to the high volume of requests.
The decision to extend the deadline by another year reflects an ongoing struggle to finalize a multibillion-dollar repayment plan that began in 2021, when the Tokyo District Court approved Mt. Gox’s civil rehabilitation plan. That court decision paved the way for the return of approximately $9 billion in Bitcoin (BTC) and Bitcoin Cash (BCH) to around 24,000 verified creditors, following seven years of bankruptcy proceedings.
Mt. Gox’s long road to restitution
Founded in 2010, Mt. Gox became the dominant Bitcoin exchange by 2014, handling more than 70% of global BTC trading volume at its peak. The platform collapsed in February 2014 after announcing a catastrophic loss of roughly 850,000 BTC due to a massive security breach. About 200,000 BTC were later recovered, leaving the remainder permanently lost.
In the years since, Mt. Gox’s rehabilitation process has been repeatedly delayed. Deadlines for creditor repayments were first extended in September 2023, pushing from October 2023 to October 2024, and then again in October 2024, when the trustee cited ongoing procedural verification delays. Each postponement has stirred frustration among creditors but also tempered short-term fears of large market sell-offs.
Market impact and Bitcoin holdings
According to data from Arkham Intelligence, the Mt. Gox estate currently holds 34,689 BTC, estimated to be worth nearly $4 billion at current prices. That figure is down roughly 75% from the 142,000 BTC the estate held in mid-2024, reflecting continued partial distributions to verified creditors.
Earlier repayment milestones have occasionally influenced crypto market sentiment. For instance, when Mt. Gox trustees announced that repayments would begin in July 2024, Bitcoin briefly slid toward $61,000 as investors anticipated potential sell pressure from distributed coins. Conversely, each delay, including the latest one, has often been perceived as a short-term bullish signal, as it temporarily reduces the near-term supply of BTC entering circulation.
Creditors’ patience tested as process nears 12 years
Despite gradual progress, Mt. Gox’s legal and administrative process now extends into its twelfth year since the exchange’s collapse. Around 19,500 creditors have received partial repayments, but thousands more continue to wait.
The rehabilitation trustee’s notice underscores that efforts remain ongoing and that payments will continue for creditors who complete the required steps. Still, the additional year-long extension highlights the extraordinary complexity of closing one of the largest recovery efforts in crypto history.
As of now, the next key milestone is set for October 31, 2026, when the extended deadline for repayments will expire, barring yet another delay.
Gunel Ismayilova
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