Mt. Gox, one of the largest cryptocurrency exchanges before its collapse, has pushed back its creditor repayment schedule by another year, announcing the news just four days before the original deadline of October 31, 2025. This is the third extension of the long-awaited repayment process.
In brief
- Mt. Gox has extended the reimbursement deadline to October 31, 2026, marking the third extension of the process.
- Many creditors have still not received their payments, due to incomplete procedures or technical problems.
- According to Arkham Intelligence, Mt. Gox still holds 34,689 BTC, or approximately $4 billion.
Third extension for Mt. Gox refunds
In a statement released Monday, Mt. Gox confirmed that the deadline for customer refunds is now October 31, 2026, compared to the previous October 31, 2025.
According to the recovery trustee, the majority of basic, early lump sum and intermediate repayments have already been made, particularly for creditors who have completed all the procedures without incident.
However, a significant number of them still waiting for their paymentssome having not finalized their procedures, others having encountered problems during processing.
To remedy this, the trustee declared: “Since it is desirable to make repayments to these rehabilitation creditors to the extent possible, the rehabilitation trustee, with the permission of the court, has changed the deadline for repayments from October 31, 2025 (Japan Standard Time) to October 31, 2026.” This readjustment marks the third postponementafter those of October 2023 and October 2024.
After the hack: recovery and missing funds
Founded in 2010, Mt. Gox has quickly established itself as one of the world's leading cryptocurrency exchange platforms. At the start of 2014, it accounted for a significant share of Bitcoin transactions worldwide. But that same year, the platform revealed that it had suffered a massive hack, resulting in the disappearance of around 850,000 BTC. Following this loss, Mt. Gox filed for bankruptcy in Japan, ceasing operations and leaving thousands of users without access to their funds.
Around 200,000 BTC were subsequently recovered, while almost 650,000 BTC remain missing as part of a court-supervised recovery process.
Compensation plan and first payments
In September 2023, the recovery trustee presented a compensation plan based on the recovered assets. This provided for the distribution of 142,000 bitcoins, 143,000 Bitcoin Cash and 69 billion Japanese yen (approximately $510 million) to verified creditors. After court approval, the repayment program officially began in 2024, with payments made in bitcoin and Bitcoin Cash.
By mid-2024, several creditors reported receiving their repayments through partner exchanges such as Kraken and Bitstamp, selected as transfer channels. As of March 27, 2025, the trustee confirmed that 19,500 creditors had already been repaid in bitcoin and Bitcoin Cash.
According to data from Arkham Intelligence, Mt. Gox still holds 34,689 bitcoins, estimated at approximately $4 billion, earmarked for future redemption phases.
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