Mt. Gox Extends Creditor Payout Deadline to October 2027
Mt. Gox has postponed the deadline for repaying its creditors to October 2027, marking the sixth extension since 2023. The bankrupt cryptocurrency exchange continues efforts to resolve outstanding claims against it.
Nobuaki Kobayashi, the rehabilitation trustee, announced that the Tokyo District Court has approved moving the cut-off date for base, early lump-sum, and intermediate payments from October 31, 2026, to October 31, 2027.
Kobayashi stated that most repayments to creditors who completed all necessary procedures smoothly have been finalized, apart from certain payment categories. Yet, many creditors have not received funds because they have not completed required steps, and others have faced processing difficulties.
This latest delay is the fourth extension since September 2023, following two shorter postponements earlier in the year. Mt. Gox began reimbursing creditors with Bitcoin and Bitcoin Cash in July 2024, and by March 2025, more than 19,500 creditors had been paid.
The recent update from the trustee did not specify how many creditors are still unpaid or the amount of Bitcoin yet to be distributed.
Data from Arkham Intelligence shows that Mt. Gox's associated wallets still hold roughly 34,400 BTC, valued at about $2.8 billion as of Tuesday.
This extension highlights the ongoing complexities in settling creditor claims for one of the most significant crypto exchange collapses, underscoring challenges in fully resolving Mt. Gox's bankruptcy case.
Why it matters
The repeated deadline extensions reflect the intricate process of reimbursing creditors and the persistent hurdles in distributing assets from a major crypto bankruptcy.
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