Mt. Gox pushes creditor payouts back another year to October 2027, its fourth delay, with about 34,000 bitcoin worth about $2.8 billion still to hand out

Twelve years after Mt. Gox collapsed, its creditors have been told to wait another year. Rehabilitation trustee Nobuaki Kobayashi said in a notice dated October 16 that the court has approved moving the deadline for the base, early lump-sum and intermediate repayments from October 31, 2026 to October 31, 2027, Japan Standard Time. The reason, the notice says, is that many creditors have not completed the procedures needed to receive money, and a considerable number were not paid because of problems during the repayment process. The trustee wants to pay them as far as is reasonably practical, and that takes time.

It is a familiar pattern. The original deadline was October 31, 2023, and it has moved by a year each autumn since, making this the fourth extension, Decrypt and Blockhead reported. Last year's came four days before the cutoff; this one came about two weeks early, Blockhead noted.

What is left is still a lot of bitcoin. Wallets labelled as Mt. Gox hold about 34,400 BTC, worth about $2.8 billion, per Arkham data cited by Decrypt, which Blockhead put at about $2.9 billion as of September 30. That is down from about 142,000 BTC covered by the plan disclosed in September 2023, Blockhead noted. In June the estate moved about 10,423 BTC out of cold storage, Decrypt reported, with no transfers since. The notice alters nothing but the deadline; it does not say when the next payouts will happen, so the overhang that spooked traders in 2024 stays on the calendar for another year.