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    1. coinfeeds-bot on

      tldr; Mt. Gox, the defunct Tokyo-based bitcoin exchange, has set October 31, 2025, as the final deadline for completing creditor repayments. The exchange collapsed in 2014 after losing 650,000 BTC to theft but recovered 200,000 BTC, of which 34,689 BTC remain for distribution. Court-appointed trustee Nobuaki Kobayashi managed bitcoin sales to fund fiat repayments and later shifted to civil rehabilitation, allowing repayments in bitcoin or Bitcoin Cash. Most repayments are complete, with final distributions expected by the new deadline.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. CriticalCobraz on

      **Summary:**

      Mt. Gox, the former Tokyo-based Bitcoin exchange, is set to complete its creditor repayment process by October 31, 2025, after over a decade of legal and financial proceedings. The exchange still holds approximately 34,689 BTC (worth around $3.9 billion) to be distributed to verified creditors. This follows a series of Bitcoin sales over the years, with significant sales in 2017–2018 that impacted the market. The repayment process transitioned from liquidation to rehabilitation, allowing creditors to receive Bitcoin or Bitcoin Cash instead of fiat currency. The deadline was recently extended to ensure all outstanding claims are processed.

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