11 Years Later and Still Waiting: Mt. Gox Pushes Bitcoin Repayments to 2026

It’s another long wait for Mt. Gox creditors. The defunct crypto exchange, once the world’s largest Bitcoin trading platform, has announced that it will postpone its repayment deadline by a full year, now targeting October 31, 2026, instead of 2025.

The extension, approved by a Japanese court, marks the third such delay since repayments were first promised for 2023.

Mt. Gox trustee says most payments completed, but issues remain

In an announcement released Monday, the Mt. Gox rehabilitation trustee said that repayments have been “largely completed” for creditors who successfully submitted the required documentation and experienced no issues during processing.

These repayments cover the base, early lump-sum, and intermediate distributions that were scheduled under the court-approved rehabilitation plan.

However, the trustee noted that many creditors remain unpaid, largely due to incomplete procedures or errors during verification.

To accommodate these pending cases, the trustee stated, “It is desirable to make the repayments to such rehabilitation creditors to the extent reasonably practicable,” explaining that the additional year will allow time to resolve the outstanding problems.

Mt. Gox’s rehabilitation process has been an ongoing saga since the exchange’s infamous 2014 collapse, when hackers stole 850,000 BTC, triggering bankruptcy proceedings and a years-long legal effort to recover and redistribute assets.

Over time, approximately 142,000 BTC, 143,000 Bitcoin Cash (BCH), and ¥69 billion ($510 million) in fiat currency have been secured for redistribution to creditors.

Progress made, but the finish line still feels distant

While the repayment process officially began in 2024, only a fraction of creditors have confirmed receiving their funds. According to a March 2025 report, around 19,500 creditors had been repaid through exchanges like Kraken and Bitstamp.

On-chain data from Arkham Intelligence shows that the Mt. Gox trustee still holds roughly 34,689 BTC, valued at about $4 billion, which remains locked until further repayments proceed.

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