In brief
- Defunct crypto exchange Mt. Gox has pushed its repayment deadline back to October 31, 2026, per a court notice.
- Around 19,500 creditors have been repaid so far, while many remain pending.
- Early repayment news sparked selloffs, but later delays drew little reaction, showing greater market resilience.
Mt. Gox’s court-appointed rehabilitation trustee has postponed the defunct exchange’s creditor repayments, moving the deadline to October 31, 2026.
Rehabilitation trustee Nobuaki Kobayashi wrote that many creditors still haven’t received their repayments because they “have not completed the necessary procedures,” while others faced issues during the process.
The change was formally approved by a Tokyo court and announced in a notice published Monday.
Kobayashi said most base and early repayments were already completed for verified creditors, but many others remain unpaid in what has so far been one of the most drawn-out efforts at restitution in crypto history.
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Author: Vince Dioquino
