Mt. Gox exchange has extended the repayment date to October 2026, how much Bitcoin has not been repaid?

The trustee of the Mt. Gox exchange, Nobuaki Kobayashi, announced today that the repayment deadline for creditors, originally set for October 31, 2025, has been extended again to October 31, 2026. (Background: Fraudsters have targeted the stolen $8.6 billion worth of Bitcoin wallet from the Mt. Gox theft case, beware of OP_RETURN phishing scams) (Supplementary background: Strive's low-priced acquisition of “Mt. Gox claims” for 75,000 Bitcoins, aiming to establish a BTC reserve for an IPO) Once the world's largest Bitcoin exchange, Mt. Gox has gone through 10 years of bankruptcy litigation and several delays, and repayment will finally begin in July (2024). Mt. Gox will repay creditors a total of 142,000 BTC and 143,000 BCH. Today (27th), the trustee Nobuaki Kobayashi announced that the previously scheduled repayment deadline of October 31, 2025, has been extended for another year to October 31, 2026, with the permission of the Tokyo District Court. This move aims to provide more time for creditors who have not completed the relevant procedures or have not received repayment due to issues, ensuring the smooth progress of the repayment process. Reason for the extension: Incomplete creditor procedures and technical issues According to the announcement, although most eligible creditors have completed the basic repayments, early lump-sum repayments, and mid-term repayments, there are still a large number of creditors who have not received repayment due to incomplete necessary procedures (such as identity verification KYC or payment information registration). Furthermore, some creditors encountered technical issues during the repayment process, such as needing to return double deposits, which hindered progress. Therefore, to ensure that all creditors can fairly receive compensation, the trustee decided to extend the deadline and emphasized that assets will be released in phases through OTC Trading to mitigate the impact on the Bitcoin market. A review of the Mt. Gox bankruptcy incident Mt. Gox was once the largest Bitcoin trading platform in the world, handling over 70% of Bitcoin transactions globally at its peak. However, in February 2014, the exchange suffered a hacker attack, losing about 850,000 Bitcoins, leading to the platform's collapse and bankruptcy protection filing. This incident is regarded as one of the most shocking bankruptcies in cryptocurrency history, affecting tens of thousands of users. After the bankruptcy, the Tokyo District Court in Japan appointed Nobuaki Kobayashi as the trustee to manage the remaining approximately 140,000 BTC and corresponding BCH, entering civil rehabilitation procedures in June 2018, aiming to maximize repayments to creditors. Timeline of the repayment process The following are key milestones in the Mt. Gox repayment process: February 2014: Suffered a hacker attack, losing 850,000 BTC, the exchange filed for bankruptcy. June 2018: Entered civil rehabilitation procedures, began handling creditor claims. September 2023: First extension of the repayment deadline to October 31, 2024. July 2024: Initiated preliminary repayments to customers through platforms like Kraken and Bitstamp. October 2024: First extension of the deadline to October 31, 2025. March 2025: Transferred some BTC to a new wallet to accelerate the repayment process. October 27, 2025: Announced another extension of the deadline to October 31, 2026. Remaining repayment fund scale How many Bitcoins does Mt. Gox still hold that have not been repaid to creditors? According to tracking data from Arkham, they currently hold about 34,000 Bitcoins (worth about $4 billion). With more repayment time, the selling pressure on Bitcoin is expected to be less concentrated, and the officials have indicated that there may also be phased releases through OTC, which could help reduce selling pressure on the market. Related reports [Former Mt. Gox CEO] refuses to accept the remaining billion dollars in compensation, as that money is distasteful Good news: Mt. Gox extends the repayment deadline to next October, how much potential selling pressure is there for Bitcoin? Bitcoin falls below 63,000: Don't forget that Mt. Gox's selling pressure continues until October, the wallet still holds 45,000 BTC [Mt. Gox exchange extends the repayment date to October 2026, how many Bitcoins have not been repaid?] This article was first published in BlockTempo, the most influential blockchain news media.