Mt.Gox: Insolvent crypto exchange postpones payouts again

INFBusiness
28.10.2025
Markets

The insolvent crypto exchange Mt. Gox has once again postponed its deadline for completing the compensation process, according to a corresponding press release.
The insolvency administrator in charge, Nobuaki Kobayashi, announced in a statement that the deadline for the remaining payments will be postponed from October 31, 2025, to October 31, 2026. This marks the third extension since the start of the rehabilitation proceedings.
According to Kobayashi, the basic, one-time and interim repayments for those creditors who had properly submitted their claims have largely been completed.
However, many of those affected have not yet completed all the necessary steps or have been delayed due to administrative issues in the payment process. In order to continue serving these cases “as far as practicable,” an extension was requested from the Tokyo court – and granted.
According to current status, approximately 19,500 creditors have been compensated. However, according to data from the on-chain service Arkham Intelligence, Mt. Gox still holds 34,689 BTC.
The repayments will be made partly in Bitcoin and Bitcoin Cash, and partly in Japanese yen via platforms such as Kraken and Bitstamp. As early as 2023, the insolvency administrator announced that he intended to distribute a total of 142,000 Bitcoin, 143,000 Bitcoin Cash, and 69 billion yen to former users.
Some observers feared selling pressure from the victims, with negative repercussions for the overall market. However, this hasn't materialized so far. You can read what the creditors are doing with their money instead here: What Mt. Gox creditors are buying with their Bitcoin assets.
Mt. Gox went bankrupt in 2014 after unknown attackers stole 850,000 Bitcoin from the exchange. To this day, it remains one of the most devastating security incidents in the history of the crypto market.

The Mt. Gox case reminds us how important regulated platforms are. For those who want to trade crypto safely, quickly, and easily, Coinbase is a great option. Sign up now, invest €30, and receive €30 in free Bitcoin.

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