Bitcoin Updates: Mt. Gox Delays Until 2026: Widespread Challenges in Cryptocurrency Reimbursements

The trustee responsible for managing the rehabilitation of the now-defunct

exchange Mt. Gox has postponed creditor payments until October 31, 2026, pushing the final deadline back by one year from the previously set October 31, 2025, according to a . This update, issued on October 27, 2025, adds another chapter to the ongoing saga that began with the exchange’s collapse in 2014. The process continues to face obstacles in handling claims from around 24,000 creditors, as noted by . Although the majority of base, early lump-sum, and interim payments have been made to those who completed the necessary verification, the trustee pointed to ongoing administrative, legal, and technical issues as reasons for the extension, according to .

The purpose of the extension is to guarantee the precise and secure allocation of the remaining assets, which include 34,689 BTC (valued at roughly $4 billion at current rates) and $510 million in fiat currency held by the Mt. Gox estate, as highlighted by FinanceFeeds. The trustee clarified that these assets will not be sold off in the near future, easing fears of a large-scale liquidation that could impact Bitcoin’s price, according to

. Market analysts believe this delay could help stabilize short-term price fluctuations, as reported.

Mt. Gox, which was once the world’s leading Bitcoin trading platform, declared bankruptcy in 2014 after losing 850,000 BTC due to theft and poor management. Since 2024, the trustee has been distributing Bitcoin and

to verified claimants, with partial repayments already reaching 19,500 individuals, according to The Block. Nonetheless, a significant number of claims remain unresolved because of missing paperwork or procedural complications, as reported by Bitcoinsistemi. The rehabilitation has also been hindered by shifting regulatory standards and complex international legal issues, as detailed in FinanceFeeds’ court documents.

Frustration among creditors has grown as the process drags on past the initial estimates made in 2023. This most recent postponement is the third time the repayment deadline has been moved, with the original date set for October 2023, according to Bitcoinsistemi. While the trustee has promised openness and regular communication, critics argue that the drawn-out process highlights deeper inefficiencies in managing old crypto assets.

The market’s response to the news has been varied. Bitcoin’s price held steady at $111,540 during the announcement, with some analysts suggesting that the extended timeline lessens the risk of immediate large-scale sales, as CoinDesk noted. However, there are concerns among traders about possible long-term volatility if a substantial amount of BTC is eventually released. The trustee’s choice to retain the assets is also in line with recent industry moves toward more deliberate asset management, as observed in other significant crypto bankruptcy cases, Cointelegraph reported.

For those awaiting repayment, the delay means continued financial uncertainty following the 2014 collapse. Many see the eventual distributions as a step toward closure for one of the crypto sector’s most notorious failures, though practical obstacles remain. The trustee reaffirmed its intention to complete all payments by the end of 2026, provided that outstanding claims are resolved, according to FinanceFeeds.