Mt. Gox has postponed the deadline for its creditor repayments by one year, moving the date from Oct. 31, 2026, to Oct. 31, 2027, after receiving court approval for the change. The extension was announced in an Oct. 16 notice from rehabilitation trustee Nobuaki Kobayashi, who said many creditors have still not been paid.

The extension gives creditors additional time to complete the steps required to receive their funds, and it gives the trustee another 12 months to keep making payments. It also keeps the case active more than a decade after the exchange's collapse, making it one of the longest-running insolvency proceedings in the crypto industry.

Why the Repayment Deadline Was Extended

Kobayashi said some creditors have not completed the required procedures, while others finished the necessary steps but ran into problems while their payments were being processed.

According to the trustee, Base Repayment, Early Lump-Sum Repayment and Intermediate Repayment are largely complete for creditors who submitted the correct information and encountered no issues during processing. Distributions will continue where repayment remains reasonably practicable.

Because the case is proceeding under civil rehabilitation rather than straight liquidation, the estate has been able to return assets in kind, and repayments to date have included Bitcoin and Bitcoin Cash. The notice did not introduce a new repayment category, nor did it change the amounts creditors are entitled to receive. It also left several questions open: the announcement did not provide an updated count of unpaid creditors, disclose how much Bitcoin or other assets remain to be distributed, or offer a timetable for individual payments.

A Long History of Delays

The original repayment target was October 2023, and the deadline has been pushed back several times since. In October 2024, the trustee moved the date to October 2025, and in October 2025 it was shifted again to Oct. 31, 2026. At that point, about 19,500 creditors had received payments. Each of the recent extensions has been announced in October, putting the new Oct. 31, 2027, deadline on the same one-year cadence.

Mt. Gox was a Tokyo-based exchange that once handled roughly 70% of all global Bitcoin trading, making it the dominant Bitcoin marketplace at its peak. It filed for bankruptcy in 2014 after losing about 850,000 BTC, most of them customer funds, and later entered civil rehabilitation proceedings. About 200,000 BTC that had been thought lost were later rediscovered and added to the estate.

Repayments in Bitcoin and Bitcoin Cash began in July 2024 through exchanges including Kraken and Bitstamp, while custodian BitGo also received Bitcoin as part of the process. Kraken confirmed it received creditor funds on July 16, 2024, and subsequently began crediting eligible users, some of whom had waited more than a decade.

Remaining Reserves and Unanswered Questions

Mt. Gox continued to hold large Bitcoin reserves into this year. On June 2, the estate moved 10,422 BTC worth about $739 million, according to blockchain data cited by Arkham Intelligence. At the time of that June report, Mt. Gox held more than 34,500 BTC. Those figures are historical and do not reflect the current balance. Transfers of this kind have been identifiable in public blockchain data, which is how the June movement was flagged.

The Oct. 16 notice did not disclose a new wallet balance or confirm any further transfers. It also did not name any exchange set to receive another distribution. Any update on the remaining assets would arrive the way this one did: through a notice from the trustee, with the estate's wallet activity observable on public blockchains.

How Creditors Can Seek Information

Creditors can submit questions through the online rehabilitation claims system, though the trustee warned that responses may be delayed because of the high volume of inquiries. A separate inquiry form can also be used without logging in, but the trustee said identity verification may be more difficult in those cases.

Primary sources: Mt. Gox official website | Blockonomi