Accordingly, Mt. Gox has postponed repayments to creditors until October 2026 due to administrative and technical difficulties. Although some creditors have received repayments, many are still pending, and the Tokyo court has approved the extension.
The repayment of Bitcoin has been postponed until 2026
The Mt. Gox manager stated that most payments have been processed, but some are still pending. Due to the need for more time to finalize, the court has extended the repayment deadline to 31/10/2026.
This event opens a new chapter in the lengthy recovery process of Mt. Gox – the exchange that once accounted for over 70% of global Bitcoin transactions, collapsed in 2014 after a hack that lost 850,000 BTC and filed for bankruptcy in Japan.
How the collapse of Mt. Gox reshaped the history of Bitcoin
The collapse of Mt. Gox in 2014 shook confidence in cryptocurrency, causing 650,000 BTC to go missing despite 200,000 BTC being recovered.
The civil recovery process overseen by Japanese courts began redistributing BTC and BCH from 2024. The case has become a turning point in regulation, protecting investors and managing global exchanges.
Market impact and concerns of a sell-off
The repayment of Mt. Gox in 2026 raises concerns about selling pressure on BTC, but on-chain data suggests the impact may be limited.
Mt. Gox currently holds 34,690 BTC (~4 billion USD), down more than 75% from 2024, and most creditors are believed to be opting to hold rather than sell immediately.
