The long-delayed repayments to Mt. Gox creditors have been extended once again. Rehabilitation trustee Nobuaki Kobayashi confirmed in an official notice dated October 27, 2025, that the deadline for creditor repayments has been moved from October 31, 2025, to October 31, 2026. The extension was approved by the Tokyo District Court to allow remaining creditors more time to complete claim procedures through the Mt. Gox Online Rehabilitation System.
Kobayashi stated, "As it is desirable to make the repayments to such rehabilitation creditors to the extent reasonably practicable, the Rehabilitation Trustee, with the permission of the court, has changed the deadline for the repayments from October 31, 2025, to October 31, 2026." The decision aims to ensure all eligible creditors receive their due assets while resolving outstanding administrative and technical complications.
Ongoing Administrative Delays Affecting Distribution
Most of the repayments associated with the base, early lump-sum, and intermediate categories have been done, but still thousands of creditors have not received any money due to a lack of complete documentation and mistakes in the procedure. The trustee’s office explained that these problems were the result of verification difficulties and unverified claim submissions, which made it impossible to finish all transfers on time.
Mt. Gox creditors have been advised to enter the official online system at https://claims.mtgox.com and verify and update their claim details. The announcement warned that there might be considerable delays in inquiries outside the platform due to issues with identity verification. The trustee, however, has assured that progress is being made and has also alerted about the continued administrative backlog and slow responses due to a high volume of inquiries that are still pending.
The rehabilitation plan was finalized in 2021, following years of legal proceedings. Yet, procedural extensions have continued since then. A prior deadline was already pushed in October 2024 for similar reasons, moving the repayment date from 2024 to 2025. This latest adjustment now gives creditors an additional year to complete verification steps.
Massive Holdings and Market Implications
The Mt. Gox case remains one of the most shocking bankruptcy proceedings in cryptocurrency history. The exchange collapsed in 2014 after losing approximately 850,000 Bitcoin, then worth $450 million but now valued at tens of billions of dollars. The rehabilitation plan covers payments in both fiat and crypto assets.
According to trustee disclosures, as of March 27, Mt. Gox held 34,689 BTC—valued at roughly $4 billion—and a substantial amount of Bitcoin Cash. To date, BTC and BCH have been distributed to around 19,500 verified creditors. These repayments represent only a portion of the total claims, with additional distributions pending completion of the procedural process.
The crypto market has viewed the release of such massive amounts of Bitcoin as a trigger for volatility. However, the slow payment plan and the long schedule could relieve the market pressure resulting from this. The trustee’s strategy of progressively releasing the funds over an extended period effectively curtails the immediate selling impact that could have otherwise harmed the market price of Bitcoin.
A Decade-Long Wait Nears Resolution
For many affected users, the extension offers relief as it provides time to finalize claim verification. At the same time, it prolongs an already decade-long wait for funds lost in one of the earliest and largest crypto exchange collapses. The trustee reaffirmed that repayments will continue to be made progressively and that eligible creditors who complete their procedures correctly will receive distributions within the updated timeframe.
The complicated process remains, but the new timetable allows the claimant party to claim repayment of their rightful dues. The Mt. Gox trustee is expected to be busy until 2026, processing claims and distributing funds.