Mt. Gox Postpones Payment Deadline to 2026: Latest Status?

Mt. Gox, which has been the scene of one of the historic events in the cryptocurrency world, has once again extended the deadline for payments to creditors. According to the latest announcement, the new date for the completion of payments has been set for October 31, 2026. This decision stems from delays some investors are experiencing in completing the necessary documentation and technical issues in the payment process.

The trustee managing Mt. Gox's bankruptcy process has outlined the reasons for the delays in payments, emphasizing that basic, bulk, and interim payments have largely been made for investors who have completed the procedures fully. However, these delays have raised concerns among investors. Mt. Gox, which lost 850,000 Bitcoin due to the hack incident in 2014, has experienced one of the largest bankruptcies in the cryptocurrency world since that time.

A recovery plan was put into effect following a court approval obtained in 2023. In the initial stages, it was reported that payments to some creditors began via Kraken and Bitstamp starting from mid-2024. By March 2025, approximately 19,500 individuals had received Bitcoin and Bitcoin Cash payments. Despite all this, Mt. Gox's payment timeline, which was initially set for October 31, 2023, has been extended three times, and significant uncertainty currently exists.

According to official statements, “A new schedule has been set by the court to allow payments to be completed in a reasonable manner.” It is known that Mt. Gox currently holds 34,689 Bitcoin, worth approximately 4 billion dollars at current market value. These assets are planned to be distributed to the remaining creditors gradually by the end of 2026. This development, which is significant for investors, stands out as a process that should be closely monitored in the cryptocurrency market.