Creditors of collapsed exchange Mt. Gox will wait at least another year for the rest of their money.
Trustee Nobuaki Kobayashi has moved the deadline for repayments from 31 October 2026 to 31 October 2027, with approval from a Tokyo court.
It is the fourth one-year extension. The original deadline of October 2023 was pushed to 2024, then 2025, then 2026.
How much is left
Wallets linked to the Mt. Gox estate still hold about 34,388 BTC, worth roughly $2.8 billion, according to blockchain analytics firm Arkham.
According to Arkham, the estate had not moved any Bitcoin since June 2026 at the time of writing. That month it shifted 10,422.65 BTC, then worth more than $739 million, out of cold storage.
Why the delay
Kobayashi said “many rehabilitation creditors still have not received their Repayments.”
Some creditors have not completed the procedures required to be paid. A “considerable number” have also gone unpaid because of processing issues. Repayments are made through registered exchanges.
Around 19,500 creditors had received funds by October 2025. No updated figure was given.
How it got here
Mt. Gox was once the world’s largest Bitcoin exchange. It collapsed in 2014, when around 850,000 BTC went missing.
A rehabilitation plan approved in 2021 covered roughly $9 billion in Bitcoin and Bitcoin Cash for an estimated 24,000 creditors. Large-scale distributions began in 2024.
What it means for the market
Mt. Gox payouts have been watched as a source of selling pressure, since creditors who bought Bitcoin at a fraction of today’s price may sell once they are paid. Bitcoin traded at about $61,060 when distributions were announced in June 2024.
The new deadline means the remaining 34,388 BTC does not have to be distributed until late 2027, though the trustee can still make repayments before then.
What happens next
The key signal is any movement from the estate’s wallets, which has preceded past rounds of repayments. Bitcoin was trading at around $81,600 at the time of writing.
