Mt. Gox extends creditor repayment deadline to Oct. 2026
Mt. Gox has pushed back its creditor repayment deadline by one year to Oct. 31, 2026, after a court-approved extension in Tokyo on Oct. 27. The rehabilitation trustee, Nobuaki Kobayashi, attributed the delay to incomplete creditor procedures and issues encountered during processing.
According to the notice, base repayments, early lump-sum repayments and intermediate repayments are largely complete for creditors who finished eligibility steps without problems.
The trustee reports repayments to around 19,500 creditors so far, with distributions in bitcoin and Bitcoin Cash through exchanges such as Kraken and Bitstamp since mid-2024. Onchain data indicates Mt. Gox still holds 34,689 BTC in a known wallet, worth roughly $4 billion at recent prices.
The document makes it clear that the new deadline applies to all types of payouts. Creditors aren’t being asked to redo the whole process – only to clarify specific details if needed.
Market watchers have warned that large creditor payouts could pressure bitcoin’s price once unlocked coins hit exchanges, since many creditors have been waiting since 2014 and may decide to sell. Others argue the impact could be limited because a portion of claims was already sold to distressed-debt funds that may hold longer.
Mt. Gox, once the world’s largest bitcoin exchange, collapsed after a security breach and later entered a court-led civil rehabilitation process in Japan to distribute recovered assets to creditors. The latest extension is the third adjustment to the repayment schedule.
“It is desirable to make the repayments to such rehabilitation creditors to the extent reasonably practicable. With the permission of the court, [the trustee] has changed the deadline for the repayments from October 31, 2025 to October 31, 2026.”the notice states.
Market watchers have warned that large creditor payouts could pressure bitcoin’s price once unlocked coins hit exchanges, since many creditors have been waiting since 2014 and may decide to sell. Others argue the impact could be limited because a portion of claims was already sold to distressed-debt funds that may hold longer.
Mt. Gox, once the world’s largest bitcoin exchange, collapsed after a security breach and later entered a court-led civil rehabilitation process in Japan to distribute recovered assets to creditors. The latest extension is the third adjustment to the repayment schedule.
