Mt. Gox is preparing for Bitcoin payments.

The Mt. Gox management has decided to postpone the repayment deadline for creditors to October 2025. The reason given was that a large number of creditors have not completed the repayment procedures and there have been system disruptions in some payments.

3.1 Billion Dollars Awaiting in Mt. Gox Wallets

The last major transfer from Mt. Gox's cold wallets ended the platform's approximately one-month inactivity. The transfer occurred in two separate transactions of 31.78 BTC and 468.24 BTC.

The history of the exchange has been the scene of one of the biggest scandals in the cryptocurrency world. After security breaches and hacking incidents in 2014, Mt. Gox, which once managed 70% of global Bitcoin transactions, went bankrupt.

According to Arkham data, there are still approximately 44,905 BTC worth about 3.1 billion dollars in addresses marked by Mt. Gox. The platform management has requested the return of overpayments due to double payments made to creditors.

The impact of these transfers on Bitcoin prices remained limited. The cryptocurrency saw a drop of 5.5% from its peak of $73,300 on October 30, falling below $69,000. Experts point out that this decline began well before the transfer news.