Mt. Gox pushes repayment plan deadline to October 2025
Defunct crypto exchange Mt. Gox has postponed the deadline to repay its creditors by a year, pushing the due date to return funds to Oct. 31, 2025
The trustee overseeing Mt. Gox assets has extended the deadline for creditors’ restitution to October 2025 as over 44,900 BTC remains unpaid.
Defunct crypto exchange Mt. Gox has postponed the deadline to repay its creditors by a year, pushing the due date to return funds to Oct. 31, 2025.
According to an official announcement, “many rehabilitation creditors still have not received” their repayments after not completing the required procedures.
The platform was one of the earliest crypto exchanges in the world and, at one point, handled about 70% of all global Bitcoin BTC tickers down $62,983 transactions. It faced a series of security breaches and unnoticed hacks that led to a halt in withdrawals and its eventual collapse in 2014, locking the funds of about 127,000 users.
In July, the trustee managing Mt. Gox assets began distributing around $9.4 billion in funds to creditors. At the time of writing, wallets linked to the exchange were still owed $2.8 billion in assets, according to data from Arkham Intelligence. Mt. Gox trustee Nobuaki Kobayashi said in a statement:
“[...] many rehabilitation creditors still have not received their Repayments because they have not completed the necessary procedures for receiving Repayments. Additionally, a considerable number of rehabilitation creditors have not received their Repayments due to various reasons, such as issues arising during the Repayments process.”