Oct 27, 2025

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Mt. Gox Delays Creditor Payments to October 2026

Mt. Gox, a former leading Bitcoin exchange, collapsed in 2014 after losing 850,000 BTC to hackers. Currently in bankruptcy, the exchange holds 34,689 BTC ($4 billion) for creditor repayments, now delayed until October 31, 2026, as announced by trustee Nobuaki Kobayashi on October 27, 2025.

Payout Progress

The Japanese courts are managing the bankruptcy proceedings.
Some creditors have received fiat and Bitcoin payouts in 2024.
Delays in verifying 140,000 BTC claims from the hack continue, affecting distribution timelines.

Market Effect

Bitcoin is trading around $115,000 with a market cap of $2 trillion.
The repayment delay reduces short-term selling pressure, viewed neutrally by analysts.
While extending uncertainty for creditors, it limits the impact on Bitcoin’s price.