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Mt. Gox Pushes Bitcoin Repayment Deadline to October 2027
Trustee cites unfinished creditor procedures as billions in Bitcoin remain undistributed
TL;DR
- Mt. Gox moved its creditor repayment deadline to October 31, 2027, with court permission.
- Many creditors remain unpaid because required procedures are incomplete or payments encountered processing problems.
- Arkham data showed 34,387.51 BTC worth $2.88 billion remained in Mt. Gox-linked wallets on September 30.
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Mt. Gox rehabilitation trustee Nobuaki Kobayashi has extended the deadline for repaying creditors by another year, moving it from October 31, 2026, to October 31, 2027, with court permission. The October 16 notice said many rehabilitation creditors still have not received repayments because they have not completed the required procedures, while a considerable number encountered problems during the repayment process.
Kobayashi said base repayments, early lump-sum repayments and intermediate repayments have largely been completed for creditors who finished the necessary procedures without encountering problems. However, he wrote that “many rehabilitation creditors still have not received their Repayments because they have not completed the necessary procedures for receiving Repayments,” while a “considerable number” remain unpaid because of issues during the process.
The trustee said the extension was intended to allow further repayments to eligible creditors. “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, 2026 (Japan Standard Time) to October 31, 2027 (Japan Standard Time),” the notice said.
Mt. Gox deadline has now been extended four times
The latest change marks the fourth consecutive one-year extension of the repayment schedule. Around 19,500 creditors had received funds by the time of the previous extension.
The repayment process followed Mt. Gox’s collapse in 2014, when roughly 850,000 BTC went missing. A Tokyo court approved the exchange’s civil rehabilitation plan in 2021, clearing the way for roughly $9 billion in Bitcoin and Bitcoin Cash to be returned to an estimated 24,000 creditors through registered exchanges.
Mt. Gox wallets still hold $2.88 billion in Bitcoin
Arkham data showed Mt. Gox-linked wallets held 34,387.51 BTC worth $2.88 billion on September 30, 2026. The balance remains substantially below the roughly 141,686 BTC held when the trustee announced in June 2024 that distributions would begin the following July.
Arkham also showed no transfers from the estate since June, when 10,422.65 BTC, then worth more than $739 million, moved from cold storage, mostly to a new wallet. That transaction did not indicate a sale or a new round of creditor repayments.
The start of distributions previously produced a sharper market reaction. After the trustee said in June 2024 that repayments would begin the next month, the Bitcoin price fell as low as $61,060, a 6.5% daily decline, as traders prepared for the possibility that creditors would sell returned coins. A later deadline extension in October 2024 briefly lifted the price by keeping potential supply off the market.
Markus Levin, co-founder of decentralized data network XYO, said in June that the remaining amount was “small relative to the liquidity and trading volumes in today's Bitcoin market.” He added: “At this point it's more of a recurring headline than a real source of downside pressure.”
This article has been refined and enhanced by ChatGPT.
