Mt. Gox moves Bitcoin repayment deadline to October 2027
The collapsed exchange won court approval to push its creditor repayment deadline back a year, with many creditors still unpaid.
Key takeaways
- New deadline set. The repayment deadline now falls on October 31, 2027, after the court approved the change.
- Many still unpaid. More than 19,500 creditors had received repayments as of March 2025, but the trustee did not say how many remain.
- Coins still held. Wallets linked to Mt. Gox held approximately 34,400 BTC, worth about $2.8 billion, as of Tuesday.
What happened
Mt. Gox has extended its creditor repayment deadline by another year, moving it from October 31, 2026 to October 31, 2027. Rehabilitation trustee Nobuaki Kobayashi said the Tokyo District Court approved the change for base, early lump-sum and intermediate payments.
Kobayashi said repayments were largely complete for creditors who finished the required procedures without complications, apart from certain payment types. He said many creditors remain unpaid because they have not completed the procedures, while others ran into processing problems.
The trustee notice did not say how many creditors are still waiting or how much Bitcoin is left to distribute. Creditors were directed to the claims portal for updates, and the trustee warned that a high volume of inquiries could slow responses.
First $84.4KLatest $81.5K-3.4% over the period
Points are daily observations, not closing prices.
Why it matters
The extension pushes the remaining distributions further out. Mt. Gox-linked wallets held approximately 34,387 BTC as of September 30, valued at around $2.88 billion at the time, according to Arkham Intelligence data. Those coins are a possible source of selling pressure if creditors decide to sell after payment.
Because the deadline now sits a year later, near-term concern about extra supply reaching the market is reduced. The remaining holdings are also small relative to Bitcoin's overall market, so any price effect would depend on how much BTC is actually distributed.
Background
The original repayment deadline was October 31, 2023. It was later moved to October 31, 2024, then to October 31, 2025, and then to October 31, 2026. Mt. Gox began repaying creditors in Bitcoin and Bitcoin Cash in July 2024.
What is still unclear
- The latest notice did not disclose how many creditors remain unpaid or how much Bitcoin remains to be distributed.
- The notice did not identify all remaining assets or set out a roadmap for future distributions.
Questions readers ask
When is the new Mt. Gox repayment deadline?
The deadline is now October 31, 2027. It was previously set for October 31, 2026, and the Tokyo District Court approved the change.
Why are some Mt. Gox creditors still unpaid?
The trustee said some creditors have not completed the required procedures, while others had payments interrupted by processing issues.
How much Bitcoin does Mt. Gox still hold?
Wallets attributed to Mt. Gox held approximately 34,400 BTC, worth about $2.8 billion, as of Tuesday, according to Arkham Intelligence data.
How many Mt. Gox creditors have been repaid?
Mt. Gox said in March 2025 that more than 19,500 creditors had received their repayments. The latest notice did not say how many are still waiting.