Yeliz Akmaca 
Founded in 2010 and once one of the largest Bitcoin trading platforms globally, Mt. Gox has delayed repayments to its creditors once again. The exchange went bankrupt following the loss of 850,000 BTC in 2014 and still holds approximately 34,689 BTC awaiting distribution.
The Mt. Gox rehabilitation trustee announced that basic, early bulk, and interim repayments have been largely completed for creditors who completed the eligibility procedures.
However, many creditors have not completed the required steps, or issues during the process have prevented them from receiving payments. With court approval, the trustee postponed the final repayment date from October 31, 2025, to October 31, 2026. This marks the third revision of the originally scheduled repayment date, which was October 31, 2023.
History and Losses of Mt. Gox
Based in Tokyo, Mt. Gox quickly became one of the largest platforms for Bitcoin trading after its establishment in 2010. In 2014, a major security breach resulted in the loss of 850,000 BTC. This incident halted withdrawals and led the exchange to file for bankruptcy protection.
In September 2023, the trustee announced plans to return recovered assets to creditors, including 142,000 Bitcoin, 143,000 Bitcoin Cash, and a total of 69 billion Japanese Yen (around $510 million) in fiat currency. These repayments aim to restore a portion of the losses suffered in 2014.
Current Situation and Onchain Data
According to Arkham Intelligence, Mt. Gox’s wallets still hold around 34,689 BTC, valued at roughly $4 billion, awaiting distribution to creditors. Since mid-2024, many creditors have received partial repayments through exchanges like Kraken and Bitstamp. As of March 27, 2025, the trustee has completed repayments to approximately 19,500 creditors in Bitcoin and Bitcoin Cash.
Key Highlights:
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Repayment Date: October 2026
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Number of Creditors: Approximately 19,500
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BTC Still Held: 34,689 BTC (~$4 billion)
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Previous Repayment Dates: October 31, 2023 and October 31, 2025
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Payment Methods: Bitcoin and Bitcoin Cash
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