The infamous Mt. Gox exchange – once a symbol of the collapse of the cryptocurrency market – will complete its debt repayment to creditors by October 31, 2025. This is the deadline for the three-phase process: basic repayment, early repayment and interim repayment. Currently, Mt. Gox still has 34,689 Bitcoin (BTC) in its wallet that has not been distributed.
According to the plan, the Bitcoin and Bitcoin Cash (BCH) payments were paid out through major exchanges such as Bitstamp, Kraken, or converted into cash, some of which are still held by BitGo. Historical data shows that about 64.1% of the previously refunded BTC were deposited directly to exchanges, raising concerns that if this ratio were applied to the rest, more than 22,000 BTC could be sold, equivalent to about $2.4 billion worth of supply pressure on the market.
However, analysts say there is no need to be overly concerned about this liquidation shock, as exchanges like Kraken and Bitstamp have processing windows of 60–90 days, meaning that this BTC flow will be distributed gradually over time. Some of it can be processed through OTC (decentralized) transactions or kept in custody wallets, avoiding major disruptions to the public trading Order Book .
The Mt. Gox saga has spanned more than a decade. From an exchange that accounted for more than 70% of global Bitcoin volume in the early 2010s, Mt. Gox collapsed in 2014 after being hacked for more than 850,000 BTC, sending shockwaves through the entire cryptocurrency industry. Many retail investors lost their assets, leading to the largest wave of distrust in crypto history.
