Mt. Gox pushes repayments to 2026 as decade-long saga drags on
Analysis
Price Impact
MedThe postponement of mt. gox repayments until october 2026 removes the immediate selling pressure from the distribution of ~34,690 btc, which was previously anticipated sooner, creating short-term relief.
Trustworthiness
HighThe news is reported by cointelegraph, a reputable crypto news source, directly citing an official announcement from the mt. gox trustee regarding the repayment schedule.
Price Direction
BullishThe delay of a potentially large influx of btc into the market alleviates immediate selling pressure concerns, as creditors will not receive their bitcoin until a much later date, leading to a temporary positive sentiment.
Time Effect
LongThe impact of the actual btc distribution is now pushed out to october 2026, shifting any potential market volatility related to these repayments to a longer-term horizon.
Original Article:
Article Content:
Adrian Zmudzinski 1 minute ago Mt. Gox pushes repayments to 2026 as decade-long saga drags on Defunct crypto exchange Mt. Gox has postponed its long-awaited customer repayments by another year to Oct. 31, 2026, citing incomplete creditor procedures. Listen 0:00 10 News COINTELEGRAPH IN YOUR SOCIAL FEED One of the world’s first crypto exchanges, the now-defunct Bitcoin exchange Mt. Gox, has again postponed repayments to creditors, this time until October 2026. According to a Monday announcement , Mt. Gox has postponed customer repayments to Oct. 31, 2026. The notice came just four days before its Oct. 31, 2025 , deadline. According to the announcement, the trustee said that while most base, early lump-sum, and intermediate repayments have been completed for creditors who filed the necessary paperwork, many others have yet to receive funds. “As it is desirable to make the Repayments to such rehabilitation creditors to the extent reasonably practicable, the Rehabilitation Trustee, with the permission of the court, has changed the deadline,” the announcement states. The Mt. Gox debacle Mt. Gox, at its peak in early 2014, accounted for over 70% of global Bitcoin ( BTC ) trading volume. It collapsed in February 2014 after disclosing the loss of about 850,000 BTC to a hack and filed for bankruptcy in Japan. Related: Mt. Gox repayment shakes crypto market, causing volatility Later, approximately 200,000 BTC were recovered, leaving roughly 650,000 BTC still missing as the estate proceeded through a lengthy court-run process. Under the court-approved rehabilitation plan, the trustee began making repayments in 2024, distributing Bitcoin and Bitcoin Cash ( BCH ). Related: US Justice Department charges two men in Mt. Gox hack Will Mt. Gox cause a sell-off? The large amount of Bitcoin to be redistributed has long been viewed with fear by market participants, some of whom expected it to lead to a significant sell-off. Still, not everyone shares such a pessimistic view of the event. According to Arkham Intelligence data , Mt. Gox still holds 34,690 BTC worth nearly $4 billion. This represents a significant decline from the 142,000 BTC it held in mid-2024 — a decrease of over 75%. Bitcoin held by Mt. Gox. Source: Arkham Intelligence Still, back in the summer of 2024, an onchain analyst suggested that the redistribution would only have short-term effects on the sell pressure. Magazine: Review: The Devil Takes Bitcoin, a wild history of Mt. Gox and Silk Road # Bitcoin # Cryptocurrencies # Japan # Bitcoin Price # Cryptocurrency Exchange # Mt. Gox Add reaction