Mt. Gox Extends Repayment Deadline Amid Ongoing Creditor Delays

In Brief

• Mt. Gox delays creditor repayments by one year to October 31, 2026.
• Most approved creditors have already received partial repayments.
• Bitcoin remains strong at $114,922.25 despite minor hourly fluctuations.

Mt. Gox’s rehabilitation trustee extended the creditor repayment deadline by one year to October 31, 2026. The decision follows continued delays affecting creditors who have not completed verification procedures or faced administrative issues during repayment processing.

Source: MtGox Co

The trustee, with court approval, adjusted the timeline to allow pending repayments to be completed efficiently. Most creditors who fulfilled the required steps have already received their base, early lump-sum, and intermediate repayments.

Progress Continues as Bitcoin Strengthens

The extension marks the third deadline revision since the rehabilitation process began after Mt. Gox’s 2014 collapse. The original deadline, set for October 2023, shifted multiple times due to ongoing logistical and documentation challenges.

Recovered assets include 142,000 Bitcoin, 143,000 Bitcoin Cash, and approximately 69 billion yen in fiat currency. Reports indicate that about 20,000 creditors have received partial payments through major exchanges such as Kraken and Bitstamp.

However, onchain data show Mt. Gox still holds around 34,689 BTC, valued at nearly $4 billion, awaiting distribution. The trustee continues to prioritize fairness and procedural accuracy to ensure all verified creditors receive due repayment.

Meanwhile, Bitcoin trades at $114,922.25, reflecting a 2.81% daily gain and a 3.37% weekly increase. Although it dipped 0.50% in the past hour, the overall trend remains bullish, signalling market confidence despite Mt. Gox’s extended repayment timeline.