Mt Gox Crypto Repayment Delayed Again: Another Year of Waiting or a Blessing in Disguise for BTC Price?

Ben Graham · Outubro 27

The Mt Gox crypto saga continues to stretch on, as Japan’s defunct Bitcoin crypto exchange has officially pushed back its creditor repayment deadline by yet another year. Nobuaki Kobayashi, the court-appointed rehabilitation trustee, confirmed on October 27, 2025, that repayments (Originally expected by October 31, 2025) will now be due by October 31, 2026.

With over 34.689 BTC (worth about $ 4 billion) still locked, this marks the fourth extension in the long, frustrating road to compensation. But is this merely another delay, or could it secretly be bullish for BTC price as supply remains frozen for another year?

What Was Mt Gox, and How Did It Become the Biggest BTC Crypto Disaster?

Long before FTX or Celsius ever made headlines, Mt. Gox was the beating heart of the early Bitcoin crypto market. Founded in 2010 by Mark Karpeles in Tokyo, it began as a trading site for Magic: The Gathering cards before pivoting to crypto. By 213, Mt. Gox was processing over 70% of all global BTC transactions, making it the largest exchange in the world.

In the early days of crypto, Mt. Gox achieved absolute dominance by processing over 70% of global Bitcoin transactions.

But…

It took 3 years for Mt. Gox to lose over 744,408 $BTC worth over $21Bn today.

Here's the Insider story of how this happened
(Like & Bookmark ↓) pic.twitter.com/pgOqH3KlVg

— Ebenezer () (@_9figures) July 29, 2023

But success came at a cost. In 2014, Mt. Gox got hacked, resulting in the loss of a staggering 850,000 BTC, worth billions today. The breach exposed major security flaws and sent shockwaves through the young crypto industry. The exchange filed for bankruptcy shortly after, leaving over 20.000 creaditors stranded and setting the stage for a decade-long legal and logistical nightmare that still lingers today.

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How Did the Mt Gox Hack Turn Into a Decade-Long Repayment Saga?

After its collapse, the rehabilitation process began in 2018, led by trustee Nobuaki Kobayashi. He recovered about 200.000 BTC, marking one of the most significant asset recoveries in crypto history. Repayments officially started in July 2024, with early distributions made in BTC, Bitcoin Cash BCH $555.96 1.40% Bitcoin Cash BCH Price $555.96 1.40% /24h Volume in 24h $801.53M Price 7d Learn more and Japanese yen.

Mt. Gox has just moved $2.7B in $BTC out of cold storage. It’s happening! pic.twitter.com/95WqB9n0k1

— Jacob King (@JacobKinge) July 5, 2024

However, delays quickly piled up. The first repayment target was initially set for October 2023, but was subsequently extended to 2024, 2025, and now to 2026. According to Kobayashi’s latest statement, thousands of creditors have yet to complete procedural steps, including documentation verification and anti-money laundering checks. To date, around 19,500 creditors have received payments, but many more remain stuck in limbo.

This history of postponements has become emblematic of crypto’s early chaos, teaching exchanges hard lessons that shaped today’s stronger custody standards, regulatory framework, and proof-of-reserves systems.

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What Does the New Mt Gox Repayment Delay Mean for BTC Price and the Market?

The most recent delay may frustrate creditors, but it’s being seen as a short-term bullish signal for Bitcoin. By postponing repayments until October 2026, the release of $4Bn in BTC back into circulation is delayed, effectively removing a primary near-term source of selling pressure. Analysts note that if these coins had been listed on exchanges now, some holders might have cashed out immediately, creating a sharp (albeit temporary) drop in the BTC price.

BREAKING:

MT. GOX DELAYS ITS $BTC REPAYMENTS UNTIL OCT 2026

NO SELL PRESSURE = SUPER BULLISH FOR $BTC pic.twitter.com/KARbkpxmma

— Money Ape (@TheMoneyApe) October 27, 2025

Instead, the market now has another year to gradually absorb the impact. With Bitcoin BTC $114,099.53 1.57% Bitcoin BTC Price $114,099.53 1.57% /24h Volume in 24h $65.84B Price 7d Learn more trading near $116K, institutional demand through ETFs, and ongoing FOMO driving altcoin season, the delay gives bulls more breathing room.

However, some traders warn that this relief is temporary. The supply overhang hasn’t disappeared; it’s merely been pushed to 2026. When repayments finally resume, many early holders could take profits, especially after waiting over 11 years. Still, for now, this extension maintains Bitcoin’s upward momentum and sentiment remains cautiously optimistic.

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Could This Be the Final Delay, or Will Mt Gox Keep Haunting the Market?

While Kobayashi insists the extra year will “ensure all eligible creditors can be repaid,” history suggests caution. Bureaucratic slowdowns, legal disputes, and technical bottlenecks have plagued the process since day one. Many in the crypto community remain skeptical that 2026 will truly mark the end of the Mt. Gox repayment saga.

Yet there’s a silver lining: with Bitcoin adoption higher than ever, each passing year makes this old wound less relevant to market fundamentals. If repayment concludes smoothly (or even partially) without sparking major sell-offs, it could finally close one of crypto’s darkest chapters.

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