Defunct crypto exchange Mt. Gox has postponed its repayment deadline by another year to October 2026, four days ahead of its deadline of Oct. 31, 2025.
In an announcement on Monday, the Mt.Gox rehabilitation trustee said it has “largely completed” the base repayment, early lump-sum repayment and intermediate repayment for creditors that completed repayment eligibility procedures without any issues.
However, many creditors still haven’t received their repayments because they failed to complete the necessary procedures or because issues arose during the process, the announcement said.
“As it is desirable to make the Repayments to such rehabilitation creditors to the extent reasonably practicable, the Rehabilitation Trustee, with the permission of the court, has changed the deadline for the Repayments from October 31, 2025 to October 31, 2026,” the announcement said.
This latest announcement marks the third delay of the defunct exchange’s repayment deadline, which was initially set for October 31, 2023.
Mt. Gox was a Tokyo-based exchange founded in 2010 and became one of the largest platforms for bitcoin trading at the time. It suffered a security breach in 2014 that lost 850,000 BTC, causing the firm to halt withdrawals and file for bankruptcy protection.
In September 2023, the trustee of the now-defunct exchange announced it aims to reimburse a portion of the original losses to creditors with recovered assets, including 142,000 bitcoin and 143,000 bitcoin cash, as well as fiat currency totaling 69 billion Japanese yen ($510 million).
Since mid-2024, multiple creditors have reported that they received payments via Kraken and Bitstamp exchanges. According to the announcement dated March 27, 2025, the rehabilitation trustee repaid 19,500 creditors in bitcoin and Bitcoin Cash.
Mt. Gox still holds 34,689 BTC, worth around $4 billion, Arkham’s onchain data shows.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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