Mt. Gox's rehabilitation trustee has extended the deadline for repaying creditors of the defunct exchange to October 31, 2027, according to a notice dated Friday. The Tokyo court approved the extension, marking the fourth consecutive one-year postponement.
Trustee Nobuaki Kobayashi stated that while base, early lump-sum, and intermediate repayments have largely been completed for creditors who finished necessary procedures without complications, many rehabilitation creditors remain unpaid. Kobayashi cited two primary obstacles: creditors who have not completed required procedures for receiving repayments, and a considerable number who encountered processing issues.
The deadline has been pushed back repeatedly since October 2023, each time citing similar administrative and procedural challenges. By the previous October 2026 deadline, approximately 19,500 creditors had received funds.
Mt. Gox's wallets currently hold about 34,388 BTC, valued at roughly $2.8 billion according to blockchain analytics firm Arkham. The estate has not transferred funds since June 2024, when it moved 10,422.65 BTC from cold storage to a new wallet—a transfer that did not indicate a sale or new repayment round.
Background: Mt. Gox was the world's largest Bitcoin exchange before its 2014 collapse, when approximately 850,000 BTC went missing. A Tokyo court approved its civil rehabilitation plan in 2021, enabling the return of roughly $9 billion in Bitcoin and Bitcoin Cash to an estimated 24,000 creditors through registered exchanges.
