Mt. Gox Delays Creditor Payments Until 2027 in Latest of Six Extensions
The defunct cryptocurrency exchange Mt. Gox has postponed its repayment timeline by an additional year, leaving certain creditors without compensation due to unfinished administrative requirements and difficulties in payment distribution.
The defunct Mt. Gox cryptocurrency exchange has delayed its creditor repayment timeline until October 2027, representing the sixth postponement since 2023 as the bankrupt platform continues its efforts to resolve remaining outstanding claims.
On Friday, rehabilitation trustee Nobuaki Kobayashi announced that the Tokyo District Court had granted approval to extend the deadline for base payments, early lump-sum distributions, and intermediate payments from Oct. 31, 2026 to Oct. 31, 2027.
According to Kobayashi, repayments to creditors who successfully completed all necessary procedures without encountering complications have been mostly finalized, with the exception of specific payment categories. Nevertheless, he noted that numerous creditors have not yet received payment either because they haven't completed the required procedures or due to challenges encountered during the payment processing phase.
This most recent delay represents the fourth extension implemented since September 2023, coming after two additional shorter postponements earlier during that same year. The exchange began distributing repayments to creditors in Bitcoin and Bitcoin Cash during July 2024, and announced in March 2025 that over 19,500 creditors had successfully received their repayments.
The most recent announcement from the trustee did not reveal the specific number of creditors who remain unpaid or provide information regarding the quantity of Bitcoin that still needs to be distributed.
According to data from Arkham Intelligence, wallets associated with Mt. Gox continue to hold roughly 34,400 BTC, valued at approximately $2.8 billion, as of Tuesday.