Defunct crypto exchange Mt. Gox has once again delayed its long-awaited repayment deadline, moving it from October 31, 2025 to October 31, 2026. The decision, announced by the exchange’s rehabilitation trustee on Monday, marks the third time the deadline has been extended since it was first set for October 31, 2023.
According to the latest statement, the trustee has “largely completed” base, early lump-sum, and intermediate repayments for creditors who successfully completed the eligibility procedures without issues. However, a number of creditors are still waiting to receive their funds due to incomplete paperwork or complications encountered during the process.
Consequently, the trustee explained that the extension was necessary to ensure all eligible creditors could be repaid “to the extent reasonably practicable.” With the court’s permission, the new deadline now stands at October 31, 2026.
Ongoing Efforts to Settle Long-Standing Claims
The extension represents yet another delay in the decade-long effort to reimburse victims of Mt. Gox’s 2014 collapse. Founded in 2010 in Tokyo, Mt. Gox once handled around 70% of global bitcoin trades before suffering a massive security breach that led to the loss of 850,000 BTC. The incident forced the exchange to halt withdrawals and file for bankruptcy, sparking one of the largest crises in crypto history.
In September 2023, the trustee revealed plans to distribute recovered assets including 142,000 bitcoin, 143,000 bitcoin cash, and 69 billion yen (approximately $510 million) in fiat currency. Since mid-2024, several creditors have reported receiving repayments through exchanges such as Kraken and Bitstamp. As of March 27, 2025, about 19,500 creditors had been repaid in bitcoin and bitcoin cash.
Despite this progress, Mt. Gox still holds roughly 34,689 BTC—valued at around $4 billion. The remaining balance underscores the scale of unfinished repayments and the ongoing complexity of the rehabilitation process.
Many creditors now face another year of waiting, although the trustee insists that the extension will help finalize all pending repayments more efficiently. For the broader crypto community, the delay serves as another reminder of the lingering scars from one of the industry’s earliest and most significant collapses.