Defunct crypto exchange Mt. Gox has postponed its long-awaited customer repayments by another year to Oct. 31, 2026, citing incomplete creditor procedures.
One of the world’s first crypto exchanges, the now-defunct Bitcoin exchange Mt. Gox, has again postponed repayments to creditors, this time until October 2026.
According to a Monday announcement, Mt. Gox has postponed customer repayments to Oct. 31, 2026. The notice came just four days before its Oct. 31, 2025, deadline.
According to the announcement, the trustee said that while most base, early lump-sum, and intermediate repayments have been completed for creditors who filed the necessary paperwork, many others have yet to receive funds.
“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,” the announcement states.
Later, approximately 200,000 BTC were recovered, leaving roughly 650,000 BTC still missing as the estate proceeded through a lengthy court-run process. Under the court-approved rehabilitation plan, the trustee began making repayments in 2024, distributing Bitcoin and Bitcoin Cash (BCH).
Related: US Justice Department charges two men in Mt. Gox hack
The large amount of Bitcoin to be redistributed has long been viewed with fear by market participants, some of whom expected it to lead to a significant sell-off. Still, not everyone shares such a pessimistic view of the event.
According to Arkham Intelligence data, Mt. Gox still holds 34,690 BTC worth nearly $4 billion. This represents a significant decline from the 142,000 BTC it held in mid-2024 — a decrease of over 75%.
Still, back in the summer of 2024, an onchain analyst suggested that the redistribution would only have short-term effects on the sell pressure.
