One of the biggest scandals in Bitcoin history is dragging on once more. Mt. Gox, once the world’s largest Bitcoin exchange, has announced another one-year delay in repaying its creditors. Those who have waited more than a decade to recover their lost funds will now have to wait until October 31, 2026.
Another Year of Waiting: Mt. Gox Extends Repayment Deadline
According to the company’s official announcement, the new repayment date has been pushed back from the original October 31, 2025, to October 31, 2026.
The court-appointed rehabilitation trustee stated that while most base and early lump-sum payments have been prepared, technical complications and missing documents from some creditors have caused further delays.
“To ensure that creditors can be properly repaid, the repayment period has been extended by one year with the court’s approval,”
the trustee explained in the statement.
This marks the third official postponement since repayments were first expected to begin in 2023.
Mt. Gox: A Decade After Collapse, Still Holding Billions
Tokyo-based Mt. Gox collapsed in 2014 after 850,000 BTC were stolen — worth around $450 million at the time, and tens of billions today.
The exchange later entered a rehabilitation process, aiming to return at least part of the remaining assets to its creditors.
As of now, Mt. Gox reportedly holds:
🔹 142,000 BTC
🔹 143,000 BCH (Bitcoin Cash)
🔹 $510 million in Japanese yen
According to blockchain analytics firm Arkham, the exchange currently holds around 34,689 BTC, valued at roughly $4 billion at today’s prices.
Partial Payouts Began — But the Rest Will Wait
In mid-2024, several creditors confirmed that they had received partial repayments through exchanges Kraken and Bitstamp.
However, the majority of claimants will have to wait at least another year before receiving any further distributions.
For those who lost their bitcoins back in 2014, this marks yet another disappointment after a decade-long wait. Some creditors fear that even after 2026, more setbacks could follow.
A Long Road to Justice
The collapse of Mt. Gox was one of the first major crises in crypto history. The theft of 850,000 BTC shattered confidence in digital asset exchanges and became the catalyst for developing modern security standards across the crypto industry.
More than ten years later, the process of fairly redistributing the remaining assets among tens of thousands of affected investors is still ongoing.
At its peak, Mt. Gox handled over 70% of all Bitcoin transactions worldwide. Its 2014 collapse sent shockwaves through the entire crypto market and changed the industry forever.
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