Key Takeaways
- Mt. Gox extends repayment deadline by one year to October 2025.
- The exchange still holds 44,905 BTC, worth over $2.7 billion.
- Some creditors have faced repayment delays due to unresolved issues.
The defunct Bitcoin exchange Mt. Gox has announced a one-year extension to its repayment plan for creditors. The new deadline is set for October 31, 2025, allowing additional time to resolve remaining claims.
While many creditors have already received early payments, others have faced delays due to incomplete procedures or issues during the repayment process.
Mt. Gox stated:
Many rehabilitation creditors still have not received their repayments because they have not completed the necessary procedures.
This extension is meant to finalize all pending transactions.
The exchange currently holds 44,905 BTC, valued at over $2.7 billion, which is likely intended for future creditor payments. In August 2024, Mt. Gox made significant transactions, moving over 13,000 BTC to prepare for repayments. The extension could ease concerns over large Bitcoin sell-offs, with some estimating that $4 billion in potential payments is now delayed until 2025.
