Mt. Gox pushes repayments to 2026 as decade-long saga drags on
Mt. Gox has postponed its long-awaited customer repayments to October 31, 2026, due to incomplete creditor procedures. The defunct Bitcoin exchange, which was once a major player in the crypto market, announced this delay just days before the original deadline. The trustee highlighted that while many creditors have received their repayments, a significant number still await funds. As a result, the Rehabilitation Trustee received court permission to extend the deadline. Mt. Gox, which was responsible for over 70% of global Bitcoin trading volume before its collapse in February 2014, began making repayments under a court-approved rehabilitation plan in 2024. Despite a substantial recovery of approximately 200,000 BTC, around 650,000 BTC remains missing. The potential redistribution of Bitcoin has raised concerns within the market regarding a possible sell-off, although some analysts suggest that the impact may be less severe than anticipated. Currently, Mt. Gox holds 34,690 BTC, valued at nearly $4 billion, a significant reduction from its holdings in mid-2024.
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