Mt. Gox Extends Bitcoin Repayment Deadline to 2026 for Creditors

**Mt. Gox Repayments: What You Need to Know About the 2014 Bitcoin Exchange Collapse**

Mt. Gox, once handling 70% of global Bitcoin trades, famously collapsed in 2014 after losing 850,000 BTC to hacks. The exchange’s bankruptcy left thousands of creditors waiting over a decade for refunds. Payments finally began two years ago, amid significant market volatility.

Recent data from on-chain analytics indicates Mt. Gox still holds approximately 34,689 BTC, valued at nearly $4 billion as of late 2025.

Discover the latest on Mt. Gox repayments—delays have pushed distributions to 2026, meaning creditors must wait longer for Bitcoin refunds from the infamous 2014 hack. Stay informed on crypto history and recovery efforts.

### What Are Mt. Gox Repayments?

Mt. Gox repayments refer to the ongoing process of distributing recovered Bitcoin and Bitcoin Cash to creditors of the defunct exchange that filed for bankruptcy in 2014. This initiative is managed by rehabilitation trustee Nobuaki Kobayashi and officially began in July 2024, following years of legal and logistical preparations to ensure compliance and security.

To date, approximately 19,500 creditors have received partial refunds. However, the full repayment process has been extended to conclude by **October 31, 2026**, due to procedural challenges involving verification, regulatory compliance, and coordination with various exchanges.

### How Did the Mt. Gox Hack Occur?

The Mt. Gox hack exploited a vulnerability known as **transaction malleability**, which allowed attackers to alter transaction IDs undetected for years. This exploit enabled hackers to siphon off 850,000 BTC—nearly 7% of the total Bitcoin supply at the time.

The breach remained unnoticed until early 2014 and resulted in losses valued at $475 million then—but this is equivalent to over $97 billion today, based on Bitcoin prices around $100,000 per coin.

According to reports from the U.S. Department of Justice, two Russian nationals were charged in 2023 with laundering 647,000 BTC stolen in a 2011 incident linked to the hack. This investigation also led to the recovery of 140,000 BTC, currently worth about $16 billion.

Mt. Gox’s former CEO, Mark Karpeles, has emphasized the importance of cautious investment. Meanwhile, regulatory pressures compounded the exchange’s difficulties; the U.S. Department of Homeland Security seized $5 million in funds for Mt. Gox’s failure to register as a money transmitter.

Bankruptcy filings revealed liabilities of $64 million against $38 million in assets, affecting 127,000 creditors—most of whom were located outside Japan. Trustee Nobuaki Kobayashi has continued efforts to recover damages and pursue justice, as noted in official rehabilitation updates.

### Frequently Asked Questions

**What caused Mt. Gox to go bankrupt in 2014?**
Mt. Gox’s bankruptcy was caused by a massive hack that drained 850,000 BTC through transaction malleability, combined with increasing regulatory scrutiny from U.S. authorities and a lawsuit from partner CoinLab. The exchange suspended operations in February 2014 and subsequently filed for bankruptcy in Tokyo, revealing insolvency due to debts exceeding assets and prioritizing creditor protection under Japanese law.

**When will Mt. Gox creditors receive full repayments?**
Full repayments are now expected to conclude by **October 31, 2026**, following extensions from the original 2024 deadline. Delays are attributed to the need for verifying creditor details, ensuring compliance with regulations across different jurisdictions, and coordinating secure distributions of Bitcoin and Bitcoin Cash with exchanges.

### Key Takeaways

– **Historical Significance:** Mt. Gox’s 2014 collapse exposed early vulnerabilities in cryptocurrency systems, influencing security improvements such as the 2017 SegWit upgrade.
– **Repayment Progress:** Since July 2024, over 19,500 creditors have been at least partially reimbursed. Procedural hurdles, however, have extended the timeline to 2026. Approximately $4 billion worth of BTC remains held by the trustee.
– **Market Implications:** Initial payouts triggered Bitcoin sell-offs, while further delays may stabilize prices by spacing out distributions and reducing immediate supply pressure.

### Conclusion

The saga of Mt. Gox repayments underscores both the resilience and complexity of the cryptocurrency ecosystem. Though the Mt. Gox hack remains a cautionary tale from over a decade ago, the ongoing process—overseen by trustee Nobuaki Kobayashi and extended through 2026—promises fair distributions of recovered assets worth billions.

As the crypto industry matures, resolutions like these strengthen investor trust and regulatory frameworks. Stakeholders and investors should monitor updates closely for potential market impacts.

*Editor’s note: This story was originally published on July 14, 2024, and last updated with new details on October 28, 2025.*
https://bitcoinethereumnews.com/bitcoin/mt-gox-extends-bitcoin-repayment-deadline-to-2026-for-creditors/?utm_source=rss&utm_medium=rss&utm_campaign=mt-gox-extends-bitcoin-repayment-deadline-to-2026-for-creditors

“The Woman We All Inspire to Be” – Angel Reese Joins WNBA Stars in Praising DeWanna Bonner’s Heartfelt Season-Ending Message

At age 38, DeWanna Bonner remained one of the top players in the WNBA. Her experience and skill continued to make her a valuable asset on the court.

However, her 2025 season did not go as planned after she joined the Indiana Fever in free agency. Despite high expectations, challenges arose that affected her performance and the team’s overall success.
https://www.sportskeeda.com/us/wnba/news-the-woman-we-all-inspire-be-angel-reese-joins-wnba-stars-praising-dewanna-bonner-s-heartfelt-season-ending-message

Trump’s Media Company Set To Roll Out Polymarket-Like Prediction Market on Truth Social

Donald Trump appears to be getting back into the casino business, in a manner of speaking. This time, however, it won’t be Atlantic City slot machines and roulette tables.

On Tuesday, the president’s media firm, Trump Media & Technology Group Corp. (TMTG), announced a partnership with the digital asset exchange Crypto to launch a new product called “Truth Predict.” This platform will enable Truth Social users to bet on a wide range of future events such as election outcomes, sports, and commodity prices.

These wagers will take the form of prediction contracts, which are typically priced in cents and represent the percentage of confidence bettors have in a potential outcome. If a bet is correct, the contract settles for $1, but if incorrect, it goes to zero.

TMTG’s new offering will enter a competitive space alongside existing prediction markets like the US-regulated Kalshi and Polymarket. Polymarket, headquartered in New York, has not offered services to US customers since settling with the Commodity Futures Trading Commission (CFTC) in 2022. Truth Predict plans to launch in the US first and then expand internationally “once all the requisite requirements are met.” Beta testing is set to begin soon, according to Tuesday’s announcement.

Notably, President Trump was the largest shareholder in TMTG before transferring 114,750,000 shares—valued at approximately $4 billion—to a trust controlled by his son, Donald Trump Jr., following his general election victory last year. However, SEC filings suggest that President Trump maintains indirect control over these shares.

Digital prediction markets raise several complex philosophical questions. Supporters argue that decentralized forecasting holds significant value by providing a window into what the general public truly expects, free from corporate and political influences. Ethereum founder Vitalik Buterin shared his perspective on X last year, saying, “The point of Polymarket is that from the perspective of traders, it’s a betting site, but from the perspective of viewers it’s a news site. There are all kinds of people (including elites) on Twitter and the internet making harmful and inaccurate predictions about conflicts, and being able to go and see if people with actual skin in the game think that something has a 2% chance or a 50% chance is a valuable feature that can help keep people sane.”

Nevertheless, these platforms face criticism, especially for hosting “war markets” where users can bet on ongoing or potential geopolitical conflicts. For example, Polymarket currently estimates a 3% chance of “Will China invade Taiwan in 2025?” and a 14% chance of “Will the U.S. invade Venezuela in 2025?”. While the present level of liquidity in such markets is unlikely to influence real-world outcomes, critics warn that if enough money flows into these markets, it could incentivize powerful interests to manipulate events—such as assassinations, coups, or wars—to affect betting outcomes.

Zach Rynes, a community liaison for the decentralized oracle network Chainlink, commented on X last year: “It’s an extreme example, but any prediction market about an influenceable event will start to either incentivize action or subsidize the inevitable if sufficiently liquid enough, even if that wasn’t the original intention. If these markets traded with $100 million+ liquidity, would that change the outcome? Maybe not, but if insider traded, would they not be subsidizing war? I don’t think prediction markets are passive observers; their existence influences outcomes when operating at scale.”

To comply with regulations, the CFTC prohibits event contracts related to terrorism, assassination, war, or other illegal activities. As a result, US-approved firms don’t offer direct invasion markets like those found on Polymarket. However, controversial incentives remain present in some markets. For example, on Kalshi, users can wager on the number of deportations during Trump’s first year in office or whether leaders such as Venezuelan President Nicolás Maduro will remain in power through 2025. To dissuade wagers on assassination, Kalshi notes that in the event of Maduro’s death, the market would pay out the last traded price rather than settling at $1 or zero.

These controversial incentives may become even more complex on a prediction markets platform closely affiliated with a sitting or former president of the United States.

Gizmodo reached out to Truth Social for comment and will provide updates if a response is received.
https://gizmodo.com/truth-social-prediction-market-2000677813

Manhattan Institute poll finds ‘slight edge’ by Stefanik over Hochul

Hochul’s campaign recently addressed concerns regarding the accuracy of polling conducted by the Manhattan Institute. They pointed out that the Institute’s polling results were off during the New York City primary.

Additionally, the campaign highlighted that several allies of former President Donald Trump serve on the Manhattan Institute’s board. This connection, they suggest, may have influenced the polling outcomes.

These remarks come amid ongoing discussions about the reliability and impartiality of various polling organizations during election cycles.
https://www.timesunion.com/capitol/article/manhattan-institute-poll-finds-slight-edge-21125046.php

Amy Mek: TikTok, the “Battlefield for Jihadi Propaganda”

The Chinese Communist Party reportedly elevated videos of Zohran Mamdani in the run-up to the election as a strategy to lure in younger voters. According to Amy Mek of the RAIR Foundation, these individuals are not merely influencers but represent “a battlefield for Jihadi propaganda.”

The New York Post has also confirmed that TikTok functions as a psychological operation. Mek highlights the words of British agitator Sami Hamdi, who, before being seized by ICE, stood inside a Muslim Brotherhood-linked MAS mosque in Staten Island and praised TikTok from the pulpit as a divine tool designed to rewire American opinion in Islam’s favor. He said, “There is a relentless stream on TikTok. May Allah bless and preserve TikTok. As a result of TikTok the American population are seeing the reality.”

Hamdi’s blessing of TikTok stems from his belief that it is the only system powerful enough to control the American mind at scale. He went on to mock Congress with the “Singapore CEO” line, openly praying that U.S. lawmakers remain ignorant enough to think TikTok is harmless simply because its public face is Singaporean. Meanwhile, it is widely known that:

– ByteDance is China-controlled, and
– The algorithm is considered a restricted export by China.

Hamdi does not deny TikTok is a weapon; rather, he is thanking God that America is too weak to disarm it, Mek explains.

Reading this, it raises concerns about the Chinese audience in Beijing who follow the Sentinel. At one point, there were hundreds of followers in a single day; now, that number has dwindled to just a dozen or two. Regardless, this trend cannot be seen as a positive development.
https://www.independentsentinel.com/amy-mek-tiktok-the-battlefield-for-jihadi-propaganda/

OpenAI signs deal with PayPal to let users link wallets to ChatGPT for transactions

ChatGPT is set to make it easier for users with PayPal accounts to buy and sell products and services directly through the platform. PayPal and OpenAI have announced a new partnership that will allow users to link their PayPal wallets to ChatGPT, streamlining transactions and enhancing the user experience.

This integration is expected to roll out in early 2026, bringing a range of benefits for both consumers and merchants. PayPal recently confirmed the deal in a press release published on its newsroom website.

As part of the collaboration, PayPal will adopt the “Agentic Commerce Protocol (ACP)” to connect its payment and commerce system with ChatGPT. This innovation will enable users to conduct seamless transactions without ever leaving the ChatGPT interface.

For merchants using ChatGPT to sell goods or services, PayPal will integrate its extensive merchant network, empowering small businesses and brands to carry out transactional business directly within the platform. This move presents a significant opportunity for PayPal to expand its merchant and commerce markets into a vibrant and dynamic ecosystem.

PayPal President and CEO Alex Chriss highlighted the potential of this partnership, emphasizing its role in driving growth and innovation within the company’s commerce strategy. With the fusion of ChatGPT’s capabilities and PayPal’s robust payment infrastructure, users and merchants alike stand to benefit from a more connected and efficient digital marketplace.
https://www.shacknews.com/article/146549/openai-paypal-deal-wallet-chatgpt

Brooke Rollins invites Soros to fund SNAP during shutdown

**Secretary of Agriculture Brook Rollins Urges George Soros to Fund SNAP Benefits Amid Government Shutdown**

Secretary of Agriculture Brook Rollins on Tuesday encouraged liberal billionaire George Soros to provide funding for the Supplemental Nutrition Assistance Program (SNAP) through November.

With SNAP benefits set to expire this Saturday due to the ongoing government shutdown, this appeal comes at a critical time for millions of Americans relying on the program.

In an interview with CNN’s Boris Sanchez, Rollins stated that her department does not have the legal authority to distribute any contingency funds to continue the benefits beyond the current deadline.

As the deadline approaches, the future of SNAP funding remains uncertain, highlighting the urgent need for a resolution to support vulnerable populations dependent on this essential program.
https://thehill.com/homenews/administration/5577654-snap-benefits-usda-rollins-soros/

North Perry Airport officials look to ease public’s concerns over string of plane crashes, incidents

North Perry Airport officials are taking steps to address community concerns following a recent series of plane crashes involving flights that departed from their facility.

On Tuesday, airport representatives held a meeting to discuss safety measures and ongoing investigations related to these incidents. They emphasized their commitment to maintaining the highest safety standards and working closely with aviation authorities to prevent future accidents.

Community members expressed worries about the impact of these events on local safety. In response, officials outlined plans to increase safety protocols, enhance pilot training programs, and improve maintenance checks for aircraft operating out of North Perry Airport.

The airport remains dedicated to transparency and will continue to provide updates as they work to restore confidence among residents and stakeholders alike.
https://wsvn.com/news/local/broward/north-perry-airport-officials-look-to-ease-publics-concerns-over-string-of-plane-crashes-incidents/

Battlefield 6 & its RedSec battle royale will share career & battle pass progression

This week, Electronic Arts and Battlefield Studios revealed full details about the battle royale segment of Battlefield 6, known as RedSec. This new mode launched as a separate, free-to-play module of Battlefield 6, featuring full cross-progression between the two games.

Cross progression means that most of the progress you make in RedSec will transfer over to Battlefield 6, and vice versa. This allows players to enjoy both modes without the hassle of unlocking the same weapons or attachments twice. Whether you’re advancing in Battlefield 6 or mastering RedSec, your career rank, battle pass rewards, and other unlocks will carry over seamlessly.

Battlefield Studios published a dedicated article that dives deep into the cross progression system. They emphasize that a wide range of items and progress will be shared between Battlefield 6 and RedSec, including:

– **Career Rank**
– **Hardware Unlocks:** Weapons, Gadgets, Throwables, Training Paths
– **Hardware Progression:** Attachments, Vehicle Loadout Items, Camos, Weapon Packages
– **Customization Items:** Soldiers, Soldier Skins, Camos, Charms, Decals, Player Profile Backgrounds, Icons, Dog Tags
– **Badges**
– **Battle Pass Progress**

This interconnected progression system is designed to provide a cohesive and rewarding experience across both Battlefield 6 and RedSec, allowing players to switch between modes without losing their hard-earned progress. Keep an eye out for more updates as both Electronic Arts and Battlefield Studios continue to support and expand these exciting Battlefield experiences.
https://www.shacknews.com/article/146546/battlefield-6-redsec-battle-royale-cross-progression

Self-professed ‘Jew hater’ learns fate for slew of assaults at NYC Israel-Gaza protests: ‘I’m sorry, guys’

A self-professed “Jew hater” responsible for a string of assaults at Israel-Gaza protests in Manhattan expressed a brief apology as he learned his fate Tuesday. However, at least one of his victims was unmoved by the remorse.

Tarek Bazrouk, 20, was sentenced to 17 months in prison after pleading guilty to federal hate crime charges for kicking and punching Jewish people at three demonstrations, the most recent occurring in January.

“I’m sorry, guys, and I hope that you forgive me for my actions,” Bazrouk said, turning around at the defense table to face two of his victims in Manhattan federal court. “I promise you, judge, that if you give me a chance you will not be disappointed,” added Bazrouk, a Manhattan native whose family is Palestinian, during a statement that lasted about a minute.

The brief apology did not impress one of his victims, Roman Efraimov, who was wearing an Israeli flag draped over his shoulders and a Star of David chain around his neck when Bazrouk punched him in the nose at a protest on 18th Street and First Avenue earlier this year, according to federal officials.

“I don’t believe that he has remorse or knows the seriousness of the crime,” Efraimov told Judge Richard Berman, adding that Bazrouk “smirked” at him while issuing his statement. “He turned around twice and smirked. I don’t feel it in my gut,” Efraimov said in court.

Judge Berman handed down a sentence below prosecutors’ recommendation of at least three years behind bars but above the 12 months suggested by the probation department.

“People who assault Jews, or people of any other ethnicity or faith at protests because of their identity, are very likely to go to jail,” Berman said from the bench. “It works the opposite way as well. The rules that are applied in this case do not apply to Jews or Palestinians alone. They apply to everybody.”

On April 15, 2024, Bazrouk, wearing a green headband typically worn by Hamas members, kicked another kippah-wearing Jew, Elisha Baker, in the chest as he stood with an Israeli flag and sang a Jewish song near the New York Stock Exchange, according to federal authorities.

Baker addressed the court, saying, “My experiences as a Jew in America have been altered forever because of the actions of this man.”

“When I looked in his eyes, I saw someone who sought to hurt me and cause me pain just because of who I am,” Baker added.

Bazrouk also punched a kippah-wearing Columbia University student in the face during a separate protest on December 9, 2024, after stealing an Israeli flag from the student’s brother, prosecutors said.

The federal prosecutors pushed for a harsh sentence, citing Bazrouk’s “repeated, premeditated assaults on Jewish individuals based on their ethnicity and religion” and the “ongoing danger he poses to Jews.”

They also highlighted Bazrouk’s “deeply seeded anti-Jewish animus,” revealed by text messages, including a May 2024 message to a friend stating, “I’m a Jew hater,” accompanied by a crying laughing emoji.

Additionally, prosecutors alleged Bazrouk was a member of a chat group that received “regular updates” from Abu Obeida, spokesperson for Hamas’ deadly al-Qassam Brigades militant group.

Bazrouk’s attorney, public defender Andrew Dalack, argued unsuccessfully for the judge to release his client from jail—where he has been held since his May arrest—and allow him to serve the remainder of his sentence under house arrest.

Dalack maintained that Bazrouk was remorseful and “has continued to grapple with how those terrible decisions not only affected him but his family and his community.”

Dalack also revealed in court filings that Bazrouk’s cousin was “killed by Israeli settlers” in May 2008, “even though he was not participating in any hostilities.”

Bazrouk pleaded guilty in June, just one month after his arrest, and appeared to express contrition in a letter sent to the court.

“I don’t want to see more attacks on Israel like the one committed by Hamas on October 7. I don’t want to see any more people in Gaza die of starvation or from bombings,” Bazrouk wrote.

“What I know now that I wish I knew a year ago is this: I’m certain that punching and kicking Jewish or Israeli people won’t solve anything. It won’t make me feel better. It won’t take away the pain and suffering of Palestinians. And it certainly won’t help bring Palestinians and Israelis closer together.”

As Judge Berman announced the 17-month sentence, Bazrouk, dressed in a tan jail-issued jumpsuit, turned to face his relatives in the courthouse gallery, including his older sister, who began silently weeping.

Following the hearing, Efraimov told The Post he considered the sentence “fair,” while Baker said, “I feel safer now that I know my attacker will not be roaming the streets for a considerable amount of time.”

“The message that the judge sent today was that if you target and assault Jews simply because they are Jewish, you will be held accountable,” Baker added.

Before the sentence was handed down, Bazrouk’s sister, Anwar Bazrouk, addressed the court.

“I want to emphasize that me and my family strongly condemn violence in all forms,” she said. “We are all committed to making sure that nothing like this happens again.”

Anwar also expressed confusion over her brother’s hateful text messages uncovered during the investigation.

“I ask myself about the text messages, I ask myself where he learned to say those things about Jewish people,” she said. “We come from a humble family that never taught him to say those things.”
https://nypost.com/2025/10/28/us-news/self-professed-jew-hater-learns-fate-for-slew-of-assaults-at-nyc-israel-gaza-protests-im-sorry-guys/