Mt. Gox has announced that payments to its creditors have now been moved by a year. According to the exchange trustee, some creditors have been compensated. Meanwhile, the remaining creditors will be paid next year, noting that they have to complete the claims procedure within the time frame to be eligible for payments.
“Many rehabilitation creditors still have not received their Repayments because they have not completed the necessary procedures for receiving Repayments. Additionally, a considerable number of rehabilitation creditors have not received their Repayments due to various reasons, such as issues arising during the repayment process,” explained the Mt. Gox liquidator in a recent statement.
Mt. Gox pushes repayments by a year
So far, the defunct exchange stated it had completed the Base Repayment, Early Lump-Sum Repayment, and Intermediate Repayment after receiving the necessary data. The exchange’s remaining balances for repayment have shown distribution happening in the past year. Previously, Mt. Gox moved 24,000 BTC to an unknown and unrelated address in late 2024.
Mt. Gox currently holds about 34,000 BTC in its wallets, with the assets valued at over $4 billion. The remaining balances will be redistributed at a later date, after a court order moved the deadline to October 31, 2026. In 2023, the repayment deadline was moved once again in a similar manner to a previous deadline of October 31, 2024. In the meantime, the exchange has been disbursing payments where possible.
The Mt. Gox returns have previously sparked fears of rapid spot selling. As of 2025, the market showed it was liquid enough to absorb spot selling, even coming from large reserves and old whales. As Cryptopolitan reported, 2025 was a peak year for coins moving out of old wallets. The delay in full redistribution has now become a long-running tradition for Mt. Gox, keeping the coins away from exchanges.
The Mt. Gox unlock is now potentially less impactful, even if the distribution happens now. The creditors may not all sell immediately, as they did during previous market periods. In addition, more BTC has been taken off the market in the form of corporate treasuries, which have shown their ability for long-term holding. In the short term, the delayed distribution still removes a potential overhang from partial selling.
Previous rounds of BTC distribution through Kraken have shown some of the creditors withdrew their coins to hold for the long term, instead of immediately selling. The Kraken distribution in the summer of 2024 coincided with a brief market slump. Yet even 47,000 BTC sent to old holders did not sway the market or prevent new all-time highs. The BTC market price did not react to the news, as the coin was moving based on derivative trading, instead of spot buying or selling pressure.
