Ongoing administrative hurdles extend decade-long compensation process for victims of the 2014 hack
Another Setback in the Mt. Gox Repayment Saga
More than a decade after its collapse, the long-awaited Mt. Gox repayment process faces yet another delay. The defunct cryptocurrency exchange announced it will extend its repayment deadline to October 31, 2026, pushing back customer reimbursements that were initially due by October 2025.
The postponement reflects the complex administrative and legal hurdles that have plagued the rehabilitation process since Mt. Gox’s downfall in 2014 — a collapse that remains one of the most infamous events in crypto history.
As of late 2025, Mt. Gox still holds around 34,690 BTC — valued at nearly $4 billion — a sharp decline from the 142,000 BTC held in mid-2024, according to Arkham Intelligence data.
Repayments Postponed Amid Incomplete Creditor Procedures
According to the latest notice from the exchange’s Rehabilitation Trustee, repayments have been delayed due to incomplete procedures for certain creditors, even though many early and base payments have already been made.
“It is desirable to make the repayments to such rehabilitation creditors to the extent reasonably practicable,” the trustee stated, explaining that the court has approved the extension to allow more time for pending claims to be processed.
This marks another chapter in the protracted legal battle over the recovery of funds stolen in the 2014 Mt. Gox hack, which saw approximately 850,000 Bitcoin (BTC) disappear — worth tens of billions of dollars at today’s prices.
From Market Dominance to Collapse
At its height, Mt. Gox handled over 70% of all global Bitcoin trading volume, serving as the backbone of early crypto liquidity. Its downfall in February 2014, following the massive security breach, sent shockwaves through the market and undermined investor trust in centralized exchanges.
Roughly 200,000 BTC were later recovered, leaving around 650,000 BTC unaccounted for. The Japanese court-approved rehabilitation plan began distributing partial repayments in 2024 through Bitcoin (BTC) and Bitcoin Cash (BCH).
Despite market concerns over potential sell-offs once repayments resume, analysts suggest the effect may be short-term and less severe than feared.
The continued delay, however, underscores how the Mt. Gox saga remains unfinished, symbolizing both the risks of early crypto infrastructure and the slow march toward restitution for thousands of affected investors.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.