Mt. Gox Extends Repayment Plan to 2026

Mt. Gox, the collapsed cryptocurrency exchange, has extended its repayment deadline for creditors from October 31, 2025, to October 31, 2026. The announcement came only a few days before the original deadline. 

This extension decision shows that the repayment process remains difficult and one of the longest in the history of the crypto industry.

Mt. Gox Completes Major Repayments to Thousands of Creditors

This marks the third extension since Mt. Gox’s repayment schedule was first set for October 2023. According to the rehabilitation trustee, Mt. Gox has largely completed several categories of repayment. This includes the base, early lump-sum, and intermediate payments for eligible creditors. 

Reports from mid-2024 showed that some creditors started receiving their payments through exchanges such as Kraken and Bitstamp. By March 2025, the trustee announced that 19,500 creditors had been repaid in Bitcoin and Bitcoin Cash. 

These repayments were paid to those who had completed all required verification steps without any problems. This happened after reports showed that the Japanese company transferred large amounts of Bitcoin to other exchanges that same month.

Mt. Gox Delays Payout as Billions in Bitcoin Remain Unpaid

Meanwhile, not all creditors have received their funds. The trustee noted that some claimants failed to finish necessary procedures. Also others faced issues during the verification or transfer process. 

The trustee received court approval to extend the repayment deadline by one year to allow more time for remaining claims to be processed. The goal is to make sure that as many creditors as possible are repaid. 

However, a large amount of assets is still under the trustee’s control. Data from blockchain analytics firm Arkham shows that Mt. Gox still holds about 34,689 Bitcoin, worth around $4 billion at current market prices.

A Long Road Since the 2014 Collapse

Mt. Gox was once the largest Bitcoin exchange in the world, handling more than 70% of global Bitcoin trades. In 2014, a massive security breach led to the loss of about 850,000 BTC. This forced the Tokyo-based exchange to shut down and file for bankruptcy.

In September 2023, the trustee announced plans to repay part of the recovered assets. This includes 142,000 Bitcoin, 143,000 Bitcoin Cash, and about 69 billion Japanese yen, valued at around $510 million. Nevertheless, the new deadline extension gives more time to process remaining claims and has helped calm fears of a large market selloff. 

However, it also means thousands of investors who have waited for over ten years must wait even longer for repayment.