Mt. Gox Trustee Liquidates Mammoth-Size Amount of Bitcoin

  • Alex Dovbnya
    📰 News

    Nobuaki Kobayashi, Japanese lawyer who acts like Mt. Gox’s bankruptcy trustee, has recently dumped around $230 mln worth of BTC and BCH in the present market


Mt. Gox Trustee Liquidates Mammoth-Size Amount of Bitcoin

Nobuaki Kobayashi, Japanese lawyer who acts like Mt. Gox’s bankruptcy trustee, has recently dumped around $230 mln worth of Bitcoin (BTC) and Bitcoin Cash (BCH) in the market, according to a recent Bloomberg report. Kobayashi, also dubbed “Tokyo whale,” has the crypto community waiting for his next move with bated breath because of the enormous amount of coins that he controls.  

Under the civil rehabilitation plan, Mt. Gox has to repay its creditors around $1 bln. As U.Today reported earlier, the now-defunct Japanese exchange could lead to another market crash due to a gargantuan amount of payouts.
 

Cover image via u.today
Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!

About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

👓 Recommended articles