The trustee of in-operative digital currency exchange Mt.Gox ‘Nobuaki Kobayashi,’ has recently revealed its transaction report for the cryptocurrency selling. In line with the document, Kobayashi has liquidated virtually 26 Bln yen equivalent to around more than $230 Mln’s in Bitcoin [BTC] and Bitcoin Cash [BCH] in around just four months.
Kobayashi, also referred as the Tokyo Whale, well thanks to the multiple rounds of cryptocurrency sell-offs he has undertaken on behalf of Mt.Gox exchange since the Q3 in the year 2017. As per the current resources analysis, he has sold around more than 24,,650 in Bitcoin’s [BTC] and more than 25,330 in Bitcoin Cash [BCH].
The statement further added that:
“The transactions occurred “during the time from the tenth creditors meeting within the Bankruptcy Proceedings (i.e., from 7th March this year) to the commencement of Civil Rehabilitation Proceedings.”
As reported by Etherdesk earlier, Japanese courts approved a petition for the exchange to start a civil rehabilitation, that had the consequence of repaying creditors in Bitcoins [BTC] and ending the Bitcoin sell-offs.
Prior to that time, Kobayashi had fielded criticism from crypto investors over the alleged negative impact his sales were having on Bitcoin selling prices.
However, in total the last transactions has brought the net gross to more than 25,975,702,350 yen which are equivalent to $230,286,100 USD, leading to the mean value per Bitcoin [BTC ] to around $8100 USD followed by Bitcoin Cash [BCH] to around $119o per one BCH.
Kobayashi’s statement mentioned that he would inform creditors later regarding subsequent steps they ought to undertake as a part of the procedure of being paid funds lost in Mt.Gox’s recent Bitcoin hack.