TLDR Mt. Gox has moved its creditor repayment deadline from Oct. 31, 2026, to Oct. 31, 2027, after receiving court approval. Trustee Nobuaki Kobayashi said many creditors remain unpaid due to
Mt. Gox has moved its creditor repayment deadline back by one year. The new deadline is Oct. 31, 2027, after a court approved the change.
The deadline had been set for Oct. 31, 2026. The extension gives creditors more time to finish the steps needed to receive their funds.
The change was announced in an Oct. 16 notice from rehabilitation trustee Nobuaki Kobayashi. He said many creditors still have not been paid.
Kobayashi said some creditors have not completed the required procedures. Others finished the steps but ran into problems while their payments were being processed.
According to the trustee, Base Repayment, Early Lump-Sum Repayment and Intermediate Repayment are largely complete. This applies to creditors who submitted the right information and had no issues.
The court-approved extension gives the trustee 12 more months to keep making payments. Distributions will continue where repayment remains reasonably practicable.
The notice did not add a new repayment category. It also did not change the amounts creditors are entitled to receive.
The announcement did not give an updated count of unpaid creditors. It also did not say how much Bitcoin or other assets are left, or give a timetable for individual payments.
The original repayment target was October 2023. Since then, the deadline has been pushed back several times.
In October 2024, the trustee moved the deadline to October 2025. In October 2025, it was moved again to Oct. 31, 2026. At that time, about 19,500 creditors had received payments.
Mt. Gox was a Tokyo-based exchange that once handled about 70% of global Bitcoin trading. It filed for bankruptcy in 2014 after losing about 850,000 BTC.
The exchange later entered civil rehabilitation. Repayments in Bitcoin and Bitcoin Cash began in July 2024 through exchanges including Kraken and Bitstamp. Custodian BitGo also received Bitcoin as part of the process.
Kraken confirmed it received creditor funds on July 16, 2024. It then began crediting eligible users, some of whom had waited more than a decade.
Mt. Gox still held large Bitcoin reserves this year. On June 2, it moved 10,422 BTC worth about $739 million, according to blockchain data cited by Arkham Intelligence.
At the time of that June report, Mt. Gox held more than 34,500 BTC. Those figures are historical and do not show the current balance.
The Oct. 16 notice did not disclose a new wallet balance or confirm further transfers. It also did not name any exchange set to receive another distribution.
Creditors can also use a separate inquiry form without logging in. However, the trustee said identity verification may be harder in those cases.
Creditors can send questions through the online rehabilitation claims system. The trustee warned that responses may be delayed because of the high volume of inquiries.
The post Mt. Gox Delays Bitcoin Creditor Repayments to October 2027 appeared first on Blockonomi.
