Mt. Gox creditors face another year of waiting as repayment deadline slips to 2027

Mt. Gox has pushed back its creditor repayment deadline another year, extending the recovery process stemming from its 2014 collapse.In an Oct. 16 notice, rehabilitation trustee Nobuaki Kobayashi said a Japanese court approved moving the deadline from Oct. 31, 2026, to Oct. 31, 2027, following continued administrative and payment-processing difficulties.The extension covers three categories under the rehabilitation plan: Base Repayment, Early Lump-Sum Repayment and Intermediate Repayment.Kobayashi said these payments have largely been completed for creditors who fulfilled the necessary requirements without encountering complications, apart from certain payment types.However, many claimants remain unpaid because they have yet to complete the required procedures, while others have experienced problems during processing.The trustee said the additional year would allow it to settle outstanding claims wherever reasonably practicable, although it provided no timetable for individual distributions or an updated count of affected creditors.The decision means some former customers of the defunct exchange could face further delays in recovering assets that have been inaccessible for more tha...