**Mt. Gox Postpones Creditor Repayments Deadline to October 31, 2026**
Mt. Gox’s court-appointed rehabilitation trustee has once again delayed the repayment deadline for creditors of the defunct Bitcoin exchange, moving it to October 31, 2026.
Rehabilitation trustee Nobuaki Kobayashi explained that many creditors have yet to receive their repayments because they “have not completed the necessary procedures,” while others encountered issues during the process. This extension was formally approved by a Tokyo court and announced in a notice published on Monday.
Kobayashi noted that most base and early repayments have already been completed for verified creditors. However, a significant number of creditors remain unpaid, making this one of the longest and most complex restitution efforts in cryptocurrency history.
So far, around 19,500 creditors have received funds, but unresolved cases have prompted the year-long extension. According to Arkham data, Mt. Gox still holds about 34,689 BTC — worth nearly $4 billion at current market prices.
Decrypt has reached out to Kobayashi and representatives for Mt. Gox for comment and will update this article should they respond.
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### Years of Delays and Repayment Challenges
This latest postponement continues a repayment process that is already years behind schedule. Once the largest Bitcoin exchange, Mt. Gox has repeatedly pushed back repayment deadlines since its collapse in 2014, followed by lengthy rehabilitation proceedings.
Despite partial distributions made through registered exchanges, most creditors are still awaiting recovery of funds lost in the massive theft of roughly 850,000 BTC.
Efforts to recover the stolen amount gained momentum in 2021 when the Tokyo District Court approved Mt. Gox’s civil rehabilitation plan. This legal decision allowed creditors to recover a portion of the exchange’s remaining assets.
The approval cleared the way for returning roughly $9 billion in Bitcoin and Bitcoin Cash to an estimated 24,000 creditors, formally concluding seven years of bankruptcy proceedings.
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### Previous Extensions and Market Impact
In September 2023, the rehabilitation trustee extended the repayment deadline by one year, moving it from October 2023 to October 2024. The delay was attributed to slow verification of creditor information and coordination challenges with exchanges. That extension marked the first major deferral since the 2021 court-approved rehabilitation plan.
Between late June and early July 2024, Mt. Gox trustees announced repayments would start in early July. This announcement triggered a sharp selloff, causing Bitcoin prices to slide toward $61,000, ETF flows to turn negative, and liquidations to spike.
By October 2024, the trustee extended the deadline again. Interestingly, Bitcoin received a brief price boost following this announcement, as the delay was seen as reducing near-term sell pressure by keeping a significant potential supply off the market.
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### Looking Ahead
Late last year, a $2.8 billion transfer from a wallet linked to Mt. Gox barely impacted the markets, with traders largely viewing it as an internal transaction. This muted reaction highlights how much Bitcoin markets have deepened and become more liquid over the years.
Now, with the deadline pushed back yet again for another full year, the repayment process continues to test the patience of creditors who have waited for over a decade to recover their lost funds.
The Mt. Gox saga remains a pivotal chapter in cryptocurrency history, underscoring ongoing challenges in managing large-scale restitution and the evolving dynamics of the digital asset market.
https://decrypt.co/346053/mt-gox-pushes-back-bitcoin-repayments-by-another-year