16,000 BTC and 16,000 BCH Exit from Mt Gox Portfolios

Crypto News

In 2014, Mt. Gox was the world’s first cryptocurrency trading platform. After several hacks, the company closed down, leaving a hole of more than 650,000 bitcoins. 16,000 BTC and BCH have just been transferred to an unknown address, coming directly out of his wallet.

Once again, the same pattern is emerging: the 16,000 BTC and BCH appear to be “ready” for resale again .The portfolio, which has been vested in Mt. Gox curator Nobuaki Kobayashi, is not in its first transfer since the end of the platform. Between December 2017 and February 2017, more than half a million dollars (~ 800,000 euros) in bitcoins had been transferred and sold at market prices . Result: the price of the BTC fell.

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It would not be surprising to see a drop in the price of bitcoin when the sale is executed, even if Nobuaki Kobayaki had ensured that by selling bitcoins and cash bitcoins outside the trading platforms (OTC) , it would not influence not the prices.

You can view fund movements on Thegoxening or Cryptoground .

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