Mt. Gox Pushes Back Bitcoin Repayments to October 2026

Core Points - Mt. Gox's rehabilitation trustee has postponed creditor repayments to October 31, 2026, due to many creditors not completing necessary procedures [1] - The Tokyo court approved the extension, which is part of a lengthy restitution process for the defunct exchange [1][4] - Approximately 19,500 creditors have received repayments, while around 24,000 creditors are estimated to be involved in the recovery of roughly $9 billion in Bitcoin and Bitcoin Cash [2][4] Summary by Sections Repayment Process - The repayment process has been significantly delayed, with multiple extensions since Mt. Gox's collapse in 2014 [4] - The latest extension was announced in September 2023, moving the deadline from October 2023 to October 2024 [5] - The rehabilitation trustee indicated that most base and early repayments for verified creditors have been completed, but many remain unpaid [2] Financial Status - Mt. Gox currently holds approximately 34,689 BTC, valued at nearly $4 billion at current prices [2] - The efforts to recover lost funds began in 2021 when the Tokyo District Court approved a civil rehabilitation plan [4] Market Impact - The announcement of repayment timelines has previously triggered market reactions, including a selloff in Bitcoin prices [6]