Summary
- "Mt. Gox" said it again extended the creditors' repayment deadline by one year to October 31, 2026.
- This extension is the third since the bankruptcy, and it said it was due to some creditors' failure to complete procedures and administrative issues.
- Arkham Intelligence said Mt. Gox still holds about 34,689 BTC (about $4 billion).
Once the world’s largest exchange, Mt. Gox has again postponed the repayment deadline to creditors by one year. This extension moves the deadline, which had been scheduled for October 31, to October 31, 2026, and is the third delay since the bankruptcy.
On the 27th (local time), The Block reported that the Mt. Gox Rehabilitation Trustee said, "For creditors who have completed the repayment eligibility procedures, basic repayments, early lump-sum repayments, and interim repayments have mostly been completed."
However, it explained that repayments are being delayed for some creditors due to failure to complete procedures or administrative issues. The trustee said, "To carry out practical repayments to all creditors as much as possible, we obtained the court's permission to change the repayment deadline to October 31, 2026."
This measure is the third postponement, following the initial repayment deadline scheduled for October 2023 being pushed to 2024 and then to 2025.
Mt. Gox was founded in 2010 in Tokyo, Japan, as a virtual asset (cryptocurrency) exchange and at one time accounted for 70% of global bitcoin trading. However, it filed for bankruptcy after a large-scale hacking incident in 2014 that lost 850,000 BTC.
According to on-chain analytics firm Arkham Intelligence, Mt. Gox still holds about 34,689 BTC (about $4 billion).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
