Part of the CustodyStress archive of observed Bitcoin custody incidents
CS-01282
Gox trustee Kobayashi announced that most repayments to verified creditors had been
ConstrainedCase description
On 10 October 2024, Mt. Gox trustee Kobayashi announced that most repayments to verified creditors had been completed but that approximately 34,689 BTC remained undistributed. The original October 2024 deadline could not be met in full, and the court approved an extension of the deadline to October 2025 to allow remaining cases to be processed. The undistributed cases involved creditors who had not completed required procedures, had disputed claim amounts, or had address or contact information that required further verification. The Mt. Gox repayment process had stretched from a target of several months into a 15-month active repayment period.
Custody context
| Stress condition | Vendor lockout |
| Custody system | Exchange custody |
| Outcome | Constrained |
| Documentation | Unknown |
| Year observed | 2024 |
| Country | Japan |
Structural dependencies observed
What this illustrates
Getting access back required help from an institution — and that help wasn't available. Whether full access was ultimately possible is unclear, but significant delay or outside intervention was involved.
Outcome interpretation
Access remained possible, but only with delay, dependence, or significant difficulty.
Source
Publicly Reported
Evidence type
News article
Related cases involving vendor lockout
This archive documents observed custody survivability failures. It does not attempt to document all Bitcoin losses or security incidents.
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Framework references
Where Bitcoin Custody Intersects Legal and Fiduciary Authority
Where custody creates gaps in estate planning, fiduciary duty, and professional responsibility.
Professional Scope Boundary Matrix
What each professional or product covers, what they do not, and where gaps form between them.
The Independent Assessment Layer in Bitcoin Custody
How independent diagnostic layers emerge when multiple parties depend on shared infrastructure.
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