Mt. Gox Delays Repayments for Another Year, Pushing Deadline to 2026

Mt. Gox pushes repayment deadline to October 2026 due to incomplete claims and process issues.

Over 34,000 BTC, worth $4B, remains in Mt. Gox wallets for future distribution.

Despite concerns, large BTC distributions have had minimal impact on the market.

Mt. Gox, the defunct cryptocurrency exchange that once handled a significant portion of Bitcoin trading, has delayed its repayment schedule for creditors by another year. The new deadline is set for October 31, 2026. This move comes as the exchange’s trustee continues to struggle with completing the distribution process, impacting those waiting for their funds.

Ongoing Delays in the Repayment Process

The Mt. Gox trustee explained that many creditors have not yet completed the necessary procedures to receive their repayments. Issues have also arisen during the repayment process, further complicating the situation. As a result, the trustee has requested an additional year to ensure all affected creditors are paid.

While the exchange has made progress, some creditors are still waiting. In 2023, the exchange had already moved the repayment deadline from 2023 to 2024. Now, with the delay, the final repayments could be made as late as 2026.

Over 34,000 BTC Remains in Mt. Gox Wallets

As of 2025, the Mt. Gox wallets still hold 34.68K BTC, valued at more than $4 billion. This balance represents the remaining funds for repayment. So far, the exchange has distributed portions of this amount, including Base, Early Lump-Sum, and Intermediate Repayments

In the past year, some creditors have already received their compensation. The remaining BTC has not yet been distributed to all creditors, partly due to delays in completing the claims procedure. The trustee confirmed that it may take another year to wrap up all repayments.

Mt. Gox Distribution Impact on the Market

Mt. Gox’s distribution of funds has raised concerns over the potential for market disruption. In past years, creditors feared that a large number of coins could flood the market. However, the market has shown resilience, with most creditors choosing to hold their BTC rather than sell immediately.

In 2024, despite a significant distribution of 47,000 BTC, the market remained stable, with new all-time highs reached. Corporate treasuries and long-term holders have also kept a significant amount of Bitcoin off the market. This indicates that even large-scale distributions may not have as much impact as initially feared.The continuous postponement of the Mt. Gox repayment process emphasizes the difficulties that the trustee has to deal with in the distribution of funds. Though the October 2026 deadline grants more time, it also makes the creditors wait longer for their reimbursement. However, the impact on the overall market has been minor, as most creditors have chosen to become long-term holders of their coins.