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Mt. Gox Buys Another Year: Repayments Pushed to October 2027, and the Trackers Disagree by 10,000 BTC

NodeWitness Team 8 min read

Fifteen days before the deadline, Mt. Gox's trustee moved it again, to October 31, 2027. Meanwhile 10,306 BTC moved by the estate in June have not budged, and two widely cited trackers cannot agree on how much the estate still holds.

The coins are where they were in June. On October 16, 2026, Mt. Gox rehabilitation trustee Nobuaki Kobayashi, an attorney, published a two-page notice moving the deadline for creditor repayments from October 31, 2026 to October 31, 2027, Japan Standard Time [1]. The court approved the change, which covers all three repayment types in the plan: Base, Early Lump-Sum and Intermediate [1]. On-chain, nothing has stirred in response.

What the trustee said, and what he left out

The notice gives two reasons. "Many" creditors have not been paid because they have not completed the necessary procedures, and "a considerable number" have not been paid for other reasons, "such as issues arising during the Repayments process" [1]. For creditors who did complete the steps without problems, the trustee describes repayments as "largely completed," with the exception of "certain types" he does not specify [1].

There is no count of creditors still waiting, no figure for the bitcoin still owed, and no word on whether this extension will be the last.

A deadline that keeps moving

The trustee's own notices tell the story. The plan's starting deadline was July 31, 2023, and it slipped twice that year before the yearly pattern set in: to September 30 in a January 2023 notice, then to October 31 in March [2]. Since then:

Notice dated Deadline moved from To
September 21, 2023 [3] October 31, 2023 October 31, 2024
October 10, 2024 [4] October 31, 2024 October 31, 2025
October 27, 2025 [5] October 31, 2025 October 31, 2026
October 16, 2026 [1] October 31, 2026 October 31, 2027

Only the September 2023 notice described a different problem: back then the trustee still needed creditor information and had to coordinate with banks and exchanges before paying anyone, and it named the Tokyo District Court as approving the change [3]. Bitcoin and bitcoin cash repayments began in July 2024 through the designated exchanges [6], and CoinDesk reports that roughly 19,500 creditors have received funds [7]. The three notices since then use nearly identical wording, down to the goal of paying the rest "to the extent reasonably practicable" [1][4][5].

Following the coins

The estate's last large transfer happened on June 2, 2026, in block 952,072, at 04:47 UTC. Citing Arkham, CoinDesk reported that 10,306.35 BTC went to a previously unseen address beginning 14FEEM and 116.30 BTC to the known hot wallet beginning 1Jbez [7].

We pulled the same transaction from mempool.space's public API [14]. It matches, and it gives the full addresses:

  • 14FEEMRhaUwMbhf2rA1cFXmS1Zuk9nc9eq still holds all 10,306.35 BTC. As of block 971,828 on October 17, 2026, its history has exactly one transaction: the one that funded it [14].
  • 1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6, which CryptoQuant identified in May 2024 as the address Mt. Gox consolidated its coins into [11], is empty. The June 116.30 BTC left it within two hours and moved on again the next day [14]. The Block, using Arkham data, reported a dust-sized amount sent to a Bitstamp cold wallet in the same operation [8].
  • 1N7jWmv63mkMdsYzbNUVHbEYDQfcq1u8Yp received 24,051.76 BTC on December 5, 2024, in a transaction that also sent 3,819.56 BTC to the hot wallet [14]. ForkLog, citing Arkham, attributed it to Mt. Gox at the time [12]. It has never spent anything; the only later activity is tiny incoming payments from third parties [14].

34,358 BTC: the combined balance on October 17, 2026 of the two Mt. Gox-attributed addresses we could check on-chain [14]

Two trackers, a 10,000 BTC gap

Arkham data published by Crypto Briefing on September 30 put the estate's wallets at 34,387.51 BTC [9]. Glassnode's "Mt. Gox Trustee" series, checked on October 17, shows 24,051.87 BTC as of October 16 [10]. That is a gap of more than 10,000 BTC, and we are not choosing between them.

The chain narrows the question without settling it. Glassnode's figure is within 0.11 BTC of the balance of a single address, the December 2024 one. Add the 10,306.35 BTC sitting in the June address and you get 34,358 BTC, 29 BTC short of Arkham's number. One reading is that Glassnode's series has not picked up the June address yet. Neither firm lists on those pages which addresses it counts, so we cannot confirm that.

Our own check has edges too:

  • It covers the current balance of those specific addresses, read straight from the chain, which anyone can repeat.
  • It does not cover wallets we have not identified. The 29 BTC difference from Arkham suggests there are more, or that the two readings are from different dates.
  • It does not prove ownership. The trustee does not publish addresses. The attribution comes from Arkham and CryptoQuant; what the chain adds is that every address here shares a transaction with the same hot wallet.
  • It says nothing about whether these coins are earmarked for specific creditors, and it leaves out the estate's bitcoin cash and yen.

What would actually signal payouts

Shuffling coins between the estate's own addresses, as in June, is not a sale. Crypto Briefing's suggestion is to watch for transfers to exchange-linked addresses [9], and even then, an exchange deposit is not the same as selling, as our breakdown of what exchange flows and reserves really measure shows.

Until something moves, these coins sit in the older bands of our HODL waves: one stack dormant since June, the other since December 2024. They have an owner waiting to be paid, not a conviction holder, which is a tidy example of why holders not selling does not always mean what the headline implies.

One practical note for creditors: the trustee has repeatedly warned about fake websites and emails impersonating Mt. Gox or the trustee. The latest of those warnings, from October 2025, listed only three official sites: mtgox.com, claims.mtgox.com and material.mtgox.com [13]. The October 16 notice directs all inquiries to claims.mtgox.com [1].

When the estate's coins do move, the age bands will register it. We track them weekly from our own node on Supply & Holders.

Sources

Labelled by type.

  1. MtGox Co., Ltd. (trustee Nobuaki Kobayashi), Notice Concerning Change of Repayments Deadline, October 16, 2026. New October 31, 2027 deadline, court permission and reasons. English translation for reference of the Japanese original. (Primary, official notice)
  2. MtGox Co., Ltd., Change of (i) Deadline for Selection of Repayment Method and Registration of Payee Information and (ii) Repayment Deadline, January 6, 2023, and the notice of the same title dated March 9, 2023. Deadline moved from July 31 to September 30, 2023, then to October 31, 2023. (Primary, official notice)
  3. MtGox Co., Ltd., Notice Concerning Change of Repayment Deadlines, September 21, 2023. First one-year extension, from October 31, 2023 to October 31, 2024. (Primary, official notice)
  4. MtGox Co., Ltd., Notice Concerning Change of Repayments Deadline, October 10, 2024. Second one-year extension, to October 31, 2025. (Primary, official notice)
  5. MtGox Co., Ltd., Notice Concerning Change of Repayments Deadline, October 27, 2025. Third one-year extension, to October 31, 2026. (Primary, official notice)
  6. MtGox Co., Ltd., Notice regarding Commencement of Repayments in Bitcoin and Bitcoin Cash, June 24, 2024. Repayments in bitcoin and bitcoin cash to start in July 2024. (Primary, official notice)
  7. CoinDesk, Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears, June 2, 2026. Block 952,072 transaction, 14FEEM and 1Jbez outputs per Arkham, about 19,500 creditors paid. (Secondary, press)
  8. The Block, Mt. Gox moves $739 million worth of bitcoin to two addresses: Arkham, June 2, 2026. Hot wallet outflow and dust amount to a Bitstamp cold wallet, per Arkham. (Secondary, press)
  9. Crypto Briefing, Mt. Gox still holds nearly $3B in Bitcoin, more than a decade after its collapse, September 30, 2026. 34,387.51 BTC per Arkham and what to watch. (Secondary, press)
  10. Glassnode, BTC Mt. Gox Outflows and BTC Mt. Gox Balance, accessed October 17, 2026. 24,051.87 BTC in the "Mt. Gox Trustee" series as of October 16. (Primary, analytics firm)
  11. CoinDesk, Mt.Gox Transfers $9B Bitcoin to Single Address as Part of Repayment Plans, May 28, 2024. CryptoQuant's identification of 1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6. (Secondary, press)
  12. ForkLog, Mt.Gox Transfers 24,052 BTC to New Wallet, December 5, 2024. Attribution of 1N7jW… to Mt. Gox, per Arkham. (Secondary, press)
  13. MtGox Co., Ltd., Regarding the Fraudulent Websites and Emails Impersonating “MTGOX” or the Rehabilitation Trustee, October 29, 2025. Warning and list of official sites. (Primary, official notice)
  14. NodeWitness, read of addresses 14FEEM…, 1Jbez… and 1N7jW… via mempool.space's public API, block 971,828, October 17, 2026. Balances and transaction history. (Primary, own data)

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Last updated: October 17, 2026