Mt. Gox pushes repayments to 2026 as decade-long saga drags on
Mt. Gox has postponed customer repayments until October 31, 2026, citing incomplete creditor procedures.Summary
The defunct cryptocurrency exchange Mt. Gox has once again delayed repayments to its creditors, pushing the deadline to October 31, 2026. The trustee announced the change, approved by the court, because many creditors have yet to receive funds, even though most base, early lump-sum, and intermediate repayments have been completed for those who filed the necessary paperwork. Mt. Gox, which once handled over 70% of global Bitcoin trading, collapsed in 2014 after losing approximately 850,000 BTC in a hack, though about 200,000 BTC were later recovered. The exchange still holds significant assets, with Arkham Intelligence data showing it possesses about 34,690 BTC, valued near $4 billion, as the lengthy court-run rehabilitation process continues to unfold.
(Source：Cointelegraph)