Who dropped the market? Trustee Of The Mt.Gox sold crypts 230 million dollars

Date:

2018-09-26 17:30:06

Views:

3255

Rating:

1Like 0Dislike

Share:

Who dropped the market? Trustee Of The Mt.Gox sold crypts 230 million dollars Source:

From March to June, the Trustee, the once largest Bitcoin exchange Mt.Gox, Nobuaki Kobayashi brought 25,98 billion yen (230 million dollars) in bitcoins and Cash, and then sold the coins. Still the businessman preferred not to reveal this fact, writes .

The Japanese exchange Mt.Gox — the largest in the time marketplace, which had been broken in 2015. Hackers stole 850 thousand bitcoins, which at that time was worth 473 million dollars. Today for them would have given almost 5.5 billion. After the attack on the old wallet of the founder of the platform mark Karpeles there were 200 thousand BTC, which at the moment have enough to cover the debt exchange.

the

As Mt.Gox affect the price of Bitcoin

Kobayashi started to sell the coins after the exchange's management met with creditors on 7 March. However, the bulk of bitcoins and Bitcoin Cash was sold in the second quarter of 2018 from April to June, the report said Mt.Gox.

The exchange also notes that Kobayashi decided to sell the coins after consultation with lawyers and analysts. In this way the sale of coins (on the exchanges or outside of them) and the exact date not disclosed.

The guardian said that it has already received an amount necessary to protect the interests of investors in the procedure of civil rehabilitation of the exchange. Kobayashi promised along with the Japanese Bank Sumitomo Mitsui to create the trust that will provide payments to all creditors.

The Current situation plays into the hands of the leadership of Mt.Gox in March, Kobayashi denied the allegations that he was selling bitcoins. "I sold BTC and BCH with the help of cryptocurrency exchanges at market prices at the time of sale, starting from December 2017 to February 2018. After consultation with experts I've sold coins through the exchanger BTC/BCH. I used a special method to eliminate the influence on the market at the maximum level of transaction security possible. Method of sale the cryptocurrency was approved by the court," he said then.

What do you think about the influence of previous problems on the current state of the market? Share your answers .

Recommended

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

Google cancels the ban on advertising of crypto-currencies. Waiting for growth?

Google cancels the ban on advertising of crypto-currencies. Waiting for growth?

Yesterday Google has made some amendments to the policy advertising third-party sites. Now the company is not against advertising crypts, but with some stringent conditions. We will remind, the ban on advertising of crypto-currenc...

The worst bug in the history of Bitcoin since 2010. Who made a mistake?

The worst bug in the history of Bitcoin since 2010. Who made a mistake?

Bitcoin Core Developer John Newbery called himself responsible for a major bug in the Bitcoin network since 2010. We are talking about discovered previously impossible to hack the blockchain cryptocurrency and the first to break t...

Now just growth: Walmart will track the freshness of products using blockchain

Now just growth: Walmart will track the freshness of products using blockchain

Now the freshness of some products in the network of wholesale stores, Sam’s Club will be monitored through the blockchain. Guide Walmart demanded that his division be the first to integrate new technology to create a specia...

Ebang Communication has announced a new ASIC miners. Whether Bitmain to be afraid of?

Ebang Communication has announced a new ASIC miners. Whether Bitmain to be afraid of?

In the Digital World Mining Summit in Tbilisi Chinese manufacturer of ASIC chips, today announced the release of a new line of equipment for mining. Ebang Communication will please miners from three new usikami with hasraton 30-44...

How to distinguish

How to distinguish "clean" bitcoins from criminal? Response cryptocurrency tracker

Analytical publication about cryptocurrency Longhash launched its own Bicton tracker — it will allow users to track the reliability of addresses in the network, the first cryptocurrency and increase its transparency. About it writ...

A small pullback: what is the reason for today's fall of Bitcoin?

A small pullback: what is the reason for today's fall of Bitcoin?

Tuesday was not such a good day for the bulls — Bitcoin lost nearly 3.5 percent of the cost for a day after failing to get above the resistance line. At the moment the asset is gradually reduced to the main support. Key events: th...

Gone era: Iceland changes mining for

Gone era: Iceland changes mining for "clean blockchain business"

In the near future working in the Icelandic cryptocurrency startups will abandon mining in favor of "clean blockchain business", that is, create products based on a distributed registry. About it writes . With the corresponding st...

Time to buy: top 5 most undervalued altcoins

Time to buy: top 5 most undervalued altcoins

Expectations and reality rarely converge. It happens with the stock market, where the real asset price does not always reflect their usefulness. The service has made a rating of the five most undervalued coins on Coinmarketcap. Ac...

Stellar rose by 50 per cent over the week. What happened?

Stellar rose by 50 per cent over the week. What happened?

If you do not remember Ripple, Stellar has become the most successful coin last week — the last seven days its course has increased by 50 percent. The result is that the token has risen to sixth place in terms of capitalization am...

Even higher: will Litecoin rise this week? Analysts forecast

Even higher: will Litecoin rise this week? Analysts forecast

last week, Litecoin failed to break through some important resistance in the area 58 and $ 60. The coin is in the local uptrend and may soon test the resistance level around 70 dollars. The General situation looks like this: the ...

The joy of investors: EOS has entered a stage of growth. Forecast prices Aldona

The joy of investors: EOS has entered a stage of growth. Forecast prices Aldona

Price Aldona has the potential for further growth. EOS has formed a channel up and gradually moves on to new resistance levels. In short, the situation looks like this: the the on 4-hour chart of bitcoin has formed a double botto...

Bitmain Antminer presented DR3 for mining Decred. Characteristics and profitability of new

Bitmain Antminer presented DR3 for mining Decred. Characteristics and profitability of new

Yesterday, Bitmain announced the start of sales of new asika DR3 for the production of Decred. The company said on good profitability and a normal power consumption model. But is it really? In the discussion thread of the new mine...

How to store bitcoins and other cryptocurrencies?

How to store bitcoins and other cryptocurrencies?

Given the raw state of the cryptocurrency market, you can compare it with the inception of the Internet. Some of you still remember all these modems with dial-up, MS-DOS and cursor control using the jog dial. The world is changing...

Analyze graphics: when Bitcoin will continue to grow?

Analyze graphics: when Bitcoin will continue to grow?

Cryptocurrency has formed a double bottom on a small scale. Global confirmation of the uptrend Bitcoin still need some time to bounce from support on 4-hour chart. Now the situation looks like this: the the coin broke through the...

What's the reason for the growth of Ripple? Three main theories

What's the reason for the growth of Ripple? Three main theories

last week the Ripple rate increased by 140 percent, and September 22 to 63 percent for the day. Briefly, the capitalization of the coin ahead of the rate of Ethereum and became the second value of currency in the market. Later, ho...

Three points: Bitmain pool became a sponsor of basketball team Houston Rockets

Three points: Bitmain pool became a sponsor of basketball team Houston Rockets

the world's Largest mining-pool AntPool, owned by Chinese Internet giant Bitmain, has signed a contract for official sponsorship with a basketball Houston Rockets from the top division in the NBA. About it writes . the agreement S...

Bug Bitcoin Core was much worse than it seemed. What is the danger?

Bug Bitcoin Core was much worse than it seemed. What is the danger?

last week, the developers in the code of Bitcoin Core, which according to preliminary data, could cause a disconnection of the network. To solve the problem managed quickly enough. Thus from the report Common Vulnerabilities and E...

Thank you, Vitalik: analysts predict a rise in the dominance of Ethereum in five years

Thank you, Vitalik: analysts predict a rise in the dominance of Ethereum in five years

research firm Weiss ratings has made a rather bold prediction about the Bitcoin. According to experts, five years later, the main bitcoin will lose about 50 percent of its market share — it will take Ethereum. About it writes . th...