Mt. Gox extends creditor repayment deadline to 2027

A Japanese court approved extending the Mt. Gox creditor repayment deadline from October 31, 2026, to October 31, 2027. Rehabilitation trustee Nobuaki Kobayashi cited incomplete creditor procedures and payment-processing difficulties for the fourth consecutive annual delay since 2023. While over 19,500 creditors received funds by March 2025, approximately 34,000 Bitcoin remain to be distributed under the civil rehabilitation plan.

Repayment deadline extension

• ▪Mt. Gox trustee Nobuaki Kobayashi attributed the extension of the Mt. Gox repayment deadline to October 2027 to creditors failing to complete required procedures or encountering administrative and payment-processing issues
• ▪Mt. Gox's October 2027 repayment deadline extension represents the fourth consecutive annual repayment deadline delay since Mt. Gox trustee Nobuaki Kobayashi initially targeted October 2023
• ▪A Japanese court approved extending the Mt. Gox rehabilitation repayment deadline from October 31, 2026, to October 31, 2027, in an October 16, 2026 notice
• ▪The October 16, 2026 notice from Mt. Gox trustee Nobuaki Kobayashi provided no updated count of unpaid creditors, no individual payout timetable, and no revised asset total

Progress of creditor repayments

• ▪Cryptocurrency custodian BitGo also received Bitcoin as part of Mt. Gox's creditor repayment process that began in July 2024
• ▪By March 2025, Mt. Gox had distributed Bitcoin and Bitcoin Cash to more than 19,500 creditors through designated exchanges, including Kraken and Bitstamp
• ▪The exchange Kraken confirmed receiving Mt. Gox creditor funds on July 16, 2024, before crediting eligible accounts
• ▪Mt. Gox rehabilitation trustee Nobuaki Kobayashi stated that Base Repayment, Early Lump-Sum Repayment, and Intermediate Repayment under Mt. Gox's rehabilitation plan are largely complete for creditors who fulfilled requirements without complications
• ▪Mt. Gox creditor distributions followed payments made in July and August 2024 along with additional settlements completed between January and March 2025

Remaining Bitcoin holdings

• ▪Approximately 34,000 Bitcoin remain to be distributed in stages to Mt. Gox creditors who have yet to be repaid
• ▪Blockchain data cited by Arkham Intelligence showed Mt. Gox moved 10,422 Bitcoin worth about $739 million on June 2, 2026, while retaining over 34,500 Bitcoin

Mt. Gox 2014 collapse

• ▪Tokyo-based Bitcoin exchange Mt. Gox collapsed and filed for bankruptcy in February 2014 after losing approximately 850,000 Bitcoin
• ▪Prior to its 2014 bankruptcy, Mt. Gox handled up to 70% of global Bitcoin trading volume