Nine Years After Collapse, Mt. Gox Still Stalling Bitcoin Repayments

The long-running saga of Mt. Gox’s creditor repayments has been extended once again.

The exchange’s rehabilitation trustee announced that the repayment deadline has been postponed by another year, moving from October 31, 2025, to October 31, 2026.

According to the latest update, most approved creditors have already received their base, early lump-sum, and interim payments. However, a number of claimants are still waiting due to incomplete documentation or unresolved administrative issues. The trustee said the extension, approved by the court, aims to ensure all eligible creditors can be repaid “to the extent reasonably practicable.”

This marks the third delay in the repayment schedule since the process began. The original deadline was set for October 2023 but has faced repeated extensions as the exchange continues to untangle the logistical challenges surrounding reimbursements.

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Mt. Gox, once the largest Bitcoin exchange in the world, collapsed in 2014 after hackers stole approximately 850,000 BTC. Since then, the rehabilitation process has worked to recover and redistribute remaining assets to former users.

In 2023, the trustee confirmed it would return part of the recovered holdings – including 142,000 Bitcoin, 143,000 Bitcoin Cash, and around 69 billion yen (roughly $510 million) in fiat currency – to creditors. By early 2025, nearly 20,000 creditors had reportedly received partial payments through major exchanges such as Kraken and Bitstamp.

Despite the progress, onchain data from Arkham indicates that Mt. Gox still controls about 34,689 BTC, estimated to be worth around $4 billion, which remains to be distributed.