Mt. Gox Extends Creditor Repayments to 2026

Mt. Gox, once the world’s largest Bitcoin exchange, has once again delayed repayments to creditors, extending the deadline to October 31, 2026. The latest postponement, announced just days before the previous October 2025 deadline, adds another chapter to a saga that has stretched for over a decade.

According to the court-appointed trustee, while many creditors who submitted proper documentation have received partial payments, numerous others remain unpaid. The trustee stated that the new extension was granted by the court to ensure all eligible creditors could be repaid “to the extent reasonably practicable.”

Mt. Gox was once a dominant force in the crypto world, handling over 70% of global Bitcoin trading volume at its peak in early 2014. The exchange collapsed in February that year after revealing a massive hack that drained around 850,000 BTC. Although roughly 200,000 BTC were later recovered, about 650,000 BTC remain missing, making it one of the biggest losses in crypto history.

Repayments began in 2024 under a court-approved plan, with distributions in Bitcoin and Bitcoin Cash. However, concerns have lingered over whether the massive payouts could cause market instability. Analysts had warned of a potential Bitcoin sell-off as creditors finally regained access to their funds.

Data from Arkham Intelligence shows that Mt. Gox still holds 34,690 BTC, valued at around $4 billion — a steep drop from the 142,000 BTC it held in mid-2024. Despite the long wait, some analysts believe the eventual repayments will have only short-term effects on the crypto market.