Mt. Gox pushes creditor repayment deadline to 2027 in sixth extension

Mt. Gox, the collapsed crypto exchange, has extended its repayment deadline to October 2027 in its sixth extension since 2023. This decision comes as some creditors remain unpaid due to incomplete procedures and payment processing issues. The rehabilitation trustee, Nobuaki Kobayashi, announced the extension on Friday, stating that the Tokyo District Court approved the move.

The deadline for base, early lump-sum, and intermediate payments was shifted from October 31, 2026, to October 31, 2027. Kobayashi mentioned that repayments for creditors who completed the required procedures without complications are largely finished, except for certain payment types. However, he noted that many creditors have yet to complete the procedures, while others experienced issues during processing.

This extension marks the fourth since September 2023, following two shorter extensions earlier that year. Mt. Gox began repaying creditors in Bitcoin and Bitcoin Cash in July 2024. As of Tuesday, wallets associated with Mt. Gox hold around 34,400 BTC, valued at approximately $2.8 billion, according to Arkham Intelligence data. The trustee's notice did not disclose the exact number of unpaid creditors or the amount of Bitcoin still to be distributed.