Mt. Gox Pushes Repayment Deadline to 2027 With $2.8B in Bitcoin Still to Distribute
Summary
The Mt. Gox rehabilitation trustee, with court approval, extended creditor repayment deadlines by one year to October 31, 2027. Many creditors remain unpaid because they have not completed required procedures or encountered processing problems. About 19,500 creditors have received funds, and roughly 34,388 BTC worth $2.8 billion remain in wallets linked to the estate. The deadline has now been extended four times. Mt. Gox collapsed in 2014, and its rehabilitation plan is intended to return assets to about 24,000 creditors. The remaining bitcoin is viewed by some observers as a limited market risk relative to current trading volumes.
