EddieJayonCrypto
27 Oct 25
Mt. Gox has extended its creditor repayment deadline to October 31, 2026, after a court-approved adjustment. While most major repayment categories have been finalized, exceptions remain, leaving creditors in limbo as the crypto industry watches the outcome of this historic bankruptcy case.
**Mt. Gox Extends Creditor Repayment Deadline to 2026** In a significant development for creditors of the once-major cryptocurrency exchange Mt. Gox, the company has announced an extension of its repayment deadline by one year. Originally set for October 31, 2025, the new deadline is now October 31, 2026, as confirmed in a statement released on Monday. The decision, approved by the court, aims to ensure that repayments to rehabilitation creditors are made "to the extent reasonably practicable," according to the Rehabilitation Trustee. This adjustment comes after years of legal and financial turmoil following Mt. Gox’s collapse in 2014, which left thousands of users without access to their funds and sparked widespread scrutiny of the crypto industry. The trustee’s statement highlighted that most of the major repayment categories—Base Repayment, Early Lump-Sum Repayment, and Intermediate Repayment—have already been completed for creditors who met all requirements and encountered no complications during the process. However, exceptions exist for certain types of repayments, which may still be pending. The extension underscores the complexity of resolving the long-standing debts tied to Mt. Gox’s bankruptcy proceedings. Creditors, many of whom have waited years for restitution, will now have an additional year to receive their shares of the recovered assets. Meanwhile, the broader cryptocurrency market remains active, with Bitcoin (BTC) trading at $111,540 as of the latest data from CoinDesk. While the price fluctuates, the ongoing resolution of Mt. Gox’s affairs continues to serve as a focal point for discussions around accountability and recovery in the crypto space. As the 2026 deadline approaches, stakeholders will likely monitor the process closely, hoping for a final resolution that brings closure to one of the most infamous chapters in cryptocurrency history.