- Mt. Gox has extended the deadline for Bitcoin repayments to creditors until October 31, 2026.
- The delay marks the third consecutive year of postponements by the Rehabilitation Trustee.
- The trustee cited incomplete procedures by creditors and unspecified issues during the repayment process as reasons for the delay.
- Creditors approved the rehabilitation plan in October 2021 when bitcoin (BTC) was near $65,000, but prices have fluctuated significantly since.
- The current delay coincides with a Bitcoin Price rise, now at $115,000, close to its all-time high of $126,000.
Mt. Gox, the collapsed cryptocurrency exchange, has postponed its deadline to repay bitcoin (BTC) to creditors. The new deadline is set for October 31, 2026, extending the wait well beyond a decade since the exchange’s failure. This marks the third year in a row that the repayment schedule has been delayed by the Rehabilitation Trustee.
The Trustee explained in an official MtGox.com/img/pdf/20251027_1cc36334-e8b2-4fe4-8135-97d9a149e4f7_announcement_en.pdf”>notice that the delay results mainly from many creditors not completing the necessary procedures. Additionally, the notice mentioned other delays caused by “various reasons, such as issues arising during the Repayments process.”
Creditors initially approved a rehabilitation plan on October 20, 2021, when bitcoin traded around $65,000. At that time, BTC was near its peak in the 2021 market cycle. The original repayment deadline was October 31, 2023; by then, BTC’s price had fallen to approximately $35,000, roughly half its previous high.
In September 2023, creditors were informed of a one-year extension to finalize verification of creditor details. Shortly thereafter, Bitcoin’s price rose, reaching new highs within four months. Partial repayments began in early 2024, with market observers noting heightened activity and volatility linked to transactions from Mt. Gox wallets. Three weeks before the 2024 deadline, the Trustee announced a further delay with the same reasons and Bitcoin then climbed from about $65,000 to exceed $100,000 in a matter of weeks.
As of the latest update, bitcoin’s price stands at $115,000, just under its all-time peak of $126,000 reached three weeks ago. The ongoing delays in repayment raise questions about whether the Trustee is effectively holding bitcoin for creditors during favorable market conditions or postponing their ability to liquidate before the current cycle ends.
For additional details, refer to related Mt. Gox announcements, repayment deadline extensions, and the most recent delay notice.
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