Mt. Gox Extends Creditor Repayment Deadline to 2026
Just when creditors thought closure was within reach, Mt. Gox pushed back the repayment deadline again. The latest extension, approved by a Japanese court, moves the repayment deadline from October 31, 2025, to October 31, 2026. This marks the third delay in the long-running compensation process for the creditors of the former Bitcoin exchange.
The extension was announced by the Rehabilitation Trustee on October 27, just days before the original deadline. According to the announcement, the trustee cited the need to repay creditors “to the extent reasonably practicable” as the reason for the delay. The aim is to ensure that more creditors, especially those who have not completed the necessary steps or encountered problems during the process, receive their due repayments.
Key Facts About the Extension
The following are key points to note about the extension:
- Mt. Gox has officially extended its creditor repayment deadline to October 31, 2026.
- The extension was approved by a Japanese court, with the trustee citing the need to repay creditors “to the extent reasonably practicable.”
- According to the restructuring manager, repayments have been completed for many creditors who completed the necessary steps.
- This is the third delay since the original October 2023 deadline.
Mt. Gox, once the largest Bitcoin exchange in the world, has been working to repay its creditors since its collapse in 2014. The exchange filed for bankruptcy after losing 850,000 BTC, then worth nearly $500 million, to a protracted hacker attack. The collapse froze investor funds and sparked one of the longest and most publicized legal sagas in cryptocurrency history.
Mt. Gox Announces Repayment Period Extension | Source: mtgox.com
Creditors waited almost ten years before receiving their first repayments in December 2023. As of October 2025, Mt. Gox held around 34,680 BTC, worth around $4 billion. Earlier this year, blockchain activity revealed large BTC movements from Mt. Gox wallets, fueling speculation that larger repayments were imminent, which occurred later in July.
Impact on the Crypto Market
The aim of the latest extension is to give the remaining creditors more time to complete the necessary procedures and to give the trustee the opportunity to clarify any outstanding issues. Nevertheless, the crypto community remains vigilant. Any development in the Mt. Gox case continues to cast a long shadow over Bitcoin markets, and fears of large-scale sell-offs persist in the crypto market.
For more information on the Mt. Gox creditor repayment deadline extension, visit https://crypto.news/mt-gox-extends-creditor-repayment-deadline-to-2026/
