Once the crown jewel of Bitcoin exchanges, Tokyo-based Mt. Gox famously imploded in 2014 when hackers swiped 850,000 BTC from the exchange.
Fast forward today, and bankruptcy proceedings are still limping along, and now the payout deadline for creditors just got pushed back to October 31, 2026.
Stay ahead in the crypto world – follow us on X for the latest updates, insights, and trends!🚀
That’s the latest move announced by trustee Nobuaki Kobayashi on October 27, 2025.
Creditors waiting in line
Here’s the heart of the story, Mt. Gox currently holds about 34,689 BTC, roughly $4 billion at today’s considerable-higher-than-in-2014 Bitcoin prices, for creditors waiting in line to get their share.
Japanese courts oversee this painstaking process, and while some lucky claimants have pocketed payments in both fiat and Bitcoin during 2024, a monstrous backlog remains.
No selling pressure
About 140,000 BTC’s worth of claims from that fateful 2014 hack are still tangled up in verification red tape, dragging timelines into the future.
On the market front, Bitcoin flexed hard, growing to nearly $115,000 in the time of writing, with the entire crypto space clocking a $4 trillion market cap.
The delayed Mt. Gox payouts defuse any immediate wave of massive selling, which analysts see as a neutral if not mildly reassuring sign.
While creditors must stew in uncertainty a little longer, Bitcoin’s price gets to keep cruising, at least for now.
Slow march
So what’s the main takeaway? Mt. Gox’s deadline extension keeps the drama very well alive, balancing creditors’ patience against Bitcoin’s market stability.
Again. The slow, bureaucratic march to repay those hacked coins continues, casting a lengthy shadow over crypto’s nostalgic giant. And for the vitims? It’s annoying.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
LinkedIn | X (Twitter) | More articles
With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: October 28, 2025 • 🕓 Last updated: October 28, 2025
✉️ Contact: [email protected]
