TL;DR
- The Mt. Gox trustee delays the payment deadline by one year, to October 31, 2026.
- Principal payments (Base, Early Lump-Sum, and Intermediate) are already complete for verified creditors without issues.
- The extra time will be used for administrative verifications and to reconcile pending claims under court supervision.
Creditors of the defunct exchange Mt. Gox will need to arm themselves with patience once again. The Rehabilitation Trustee officially announced on Monday, October 27, that the deadline to complete payments has been postponed by a full year.
The deadline, previously set for October 31, 2025, has now been moved to October 31, 2026. This decision marks another chapter in the long-running saga of Mt. Gox creditor repayments, a process that has stretched on for over a decade.
According to the official statement, the change was authorized “as it is desirable to make the Repayments to such rehabilitation creditors to the extent reasonably practicable.” The measure aims to ensure the trustee has the necessary time to complete all pending administrative checks and manage the distributions in an orderly manner and under the strict supervision of the court.
Why Is This New Extension Happening?
The main justification for this one-year extension is the remaining administrative complexity of the process. While it may cause frustration, the trustee reported significant progress: the main payment types, known as Base Repayment, Early Lump-Sum Repayment, and Intermediate Repayment, have already been largely completed for those creditors who met all the necessary requirements and had no issues with their verification.
However, the additional time is considered essential to properly finalize the process. Legal advisors indicate that this period will be used for the final verification of claims, administrative data reconciliation, and the resolution of exceptions or particular cases that are still pending.
The goal is to ensure that the Mt. Gox creditor repayments are distributed in a controlled and equitable manner, finalizing all pending checks before closing the case.
For creditors still awaiting a final resolution, the recommendation is clear: they must continue to actively monitor the trustee’s official notices, confirm their claim status, and meticulously keep all documentation.
This includes copies of verification emails, identity proofs, and any transaction records that could expedite follow-up reviews. In the market context, it was noted that Bitcoin was trading at $115,340 at the time of the announcement, a figure that directly impacts the final value of the recovered funds.
