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#CryptoMarketWatch
Mt. Gox Repayment Deadline Approaching: 34,689 BTC Set to Be Repaid by October 31
The long-awaited Mt. Gox repayment is finally nearing its deadline. According to official updates, the defunct Japanese Bitcoin exchange is preparing to distribute approximately 34,689 BTC worth over $3.6 billion at current prices to its creditors by October 31, 2025. This marks one of the most significant events in Bitcoin’s history, as the repayment process has been delayed for nearly a decade since the exchange’s collapse in 2014.
Mt. Gox, once the largest Bitcoin exchange in the world, handled around 70% of all Bitcoin transactions before it went bankrupt after a massive hack that led to the loss of 850,000 BTC. For years, victims have been waiting to recover their lost funds, and now the trustee in charge of the case has confirmed that repayments in both Bitcoin (BTC) and Bitcoin Cash (BCH) will begin before the end of October.
However, this upcoming repayment has raised concerns in the crypto market. Many analysts fear that if a large number of creditors decide to sell their received BTC, it could lead to short-term selling pressure on Bitcoin’s price. With Bitcoin currently trading around $106,000, even a partial sell-off could introduce volatility in the market.
On the other hand, some experts believe the impact might be limited, as most creditors are long-term holders who may choose to keep their Bitcoin instead of selling. Regardless, the Mt. Gox repayment marks a historic milestone, symbolizing the end of one of crypto’s longest sagas.
All eyes are now on October 31, as the crypto community waits to see how this long-delayed event will affect Bitcoin’s price and the broader market sentiment.