The rehabilitation trustee for the collapsed Bitcoin exchange Mt. Gox has secured court approval to push the final deadline for creditor repayments to October 31, 2027. The decision marks the latest in a series of annual postponements driven by incomplete paperwork and processing problems among remaining claimants.

Court Approves Fourth Annual Extension

Nobuaki Kobayashi, the rehabilitation trustee, announced that the Tokyo District Court authorized the shift of the deadline for base, early lump-sum and intermediate repayments from October 31, 2026, to October 31, 2027. This represents the fourth consecutive one-year extension since the original 2023 target.

Kobayashi stated that repayments have largely been completed for creditors who finished the required procedures without complications. However, a substantial number of creditors have still not received funds because they have not completed the necessary steps, while others encountered issues during the payment process.

By March 2025, more than 19,500 creditors had already received distributions in Bitcoin and Bitcoin Cash. The latest notice did not specify how many claimants remain unpaid.

Significant Bitcoin Holdings Remain

Blockchain data shows that wallets associated with the Mt. Gox estate continue to hold approximately 34,388 BTC, valued at roughly $2.8 billion. In June, the estate moved 10,422.65 BTC, then worth more than $739 million, from cold storage mostly into a new wallet. No subsequent sales or fresh repayment distributions followed that transfer, and no further outflows have been recorded since.

Distributions formally began in July 2024 after a Tokyo court approved the civil rehabilitation plan in 2021. That plan cleared the way for the return of approximately $9 billion in Bitcoin and Bitcoin Cash to an estimated 24,000 creditors through registered exchanges.

Background of the Long-Running Case

Mt. Gox was once the world’s largest Bitcoin exchange before its 2014 collapse, when roughly 850,000 BTC were lost in a major theft. Creditors have waited more than a decade for recovery of their assets through the formal rehabilitation process.

Earlier announcements of impending payouts briefly influenced Bitcoin prices. When the trustee indicated in June 2024 that distributions would start the following month, the price fell as much as 6.5 percent in a single day to around $61,060 amid expectations of potential selling by recipients. Subsequent deadline extensions produced milder market reactions.

The remaining holdings continue to be monitored by market participants, though their relative size compared with current Bitcoin trading volumes is viewed as limited.