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The delay in payment of Mt. Gox extends market uncertainty to 2026

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One of the world’s first crypto exchanges, the now-defunct Bitcoin Exchange Mt. Gox, has again postponed payments to creditors, this time until October 2026.

According to a Monday announcementMt. Gox postponed customer payments until October 31, 2026. The notice came four days before This is October 31, 2025Deadline.

According to the announcement, the administrator said that while most of the base, early lump-sum, and intermediate payments have been completed for creditors who filed the necessary paperwork, many others have yet to receive funds.

“Because it is desirable to make the payments on said rehabilitation funds until reasonably practicable, the Rehabilitation Trustee, with the permission of the court, has changed the deadline,” the announcement said.

The debacle of Mt. Gox

Mt. Gox, at its peak in early 2014, accounted for more than 70% of global bitcoin (BTC) trade volume. It collapsed in February 2014 then disclosed The Losing almost 850,000 BTC in a hack and filed for bankruptcy in Japan.

Later, nearly 200,000 BTC were recovered, leaving 650,000 BTC still missing as the estate continued through a lengthy court-run process. Under a court-approved rehabilitation plan, payments began to be made in 2024, distributing bitcoin and bitcoin cash (BCH).

Will the sell-off cause Mt. Gox?

The large amount of Bitcoin to be redistributed has long been viewed with fear by market participants, some of whom expected it to lead to a significant selloff. However, not everyone shared such a pessimistic view of the event.

According to Arkham Intelligence DataStill holding Mt. Gox 34,690 BTC worth nearly $4 billion. This represents a reduction of more than 75% from the 142,000 BTC held in mid-2024.