Nobuaki Kobayashi, the lawyer and trustee of the Mt Gox bitcoin exchange has sold bitcoin and bitcoin cash worth more than $400 million since September last year till March this year. At the beginning of March the total amount of Bitcoin remaining in the Mt Gox was still over 166,000. Well 16,000 Bitcoins’ have been moved out of some of the remaining Mt.Gox wallets and have been moved into this Bitcoin address
The transactions happened around 7:25 am on 26, April 2018 and the Bitcoin and Bitcoin Cash variance can be seen. on Mt. Gox wallet tracker live on cryptoground.com
16,000 Bitcoin moved out of Mt. Gox Wallets
The remaining balances left in the Mt. Gox wallets is now 146,106 Bitcoin and Bitcoin Cash.
While it remains to be seen how this will effect the Bitcoin price it comes at the end of a two week bull run for the Bitcoin price.
The huge decline in the markets throughput 2018 have been credited by some down to the Mt. Got wallets. With the ongoing lawsuit against Mt. Gox, it remains unclear what they are planning on doing with the Bitcoins’, but we will be sure to keep you updated on the situation as it develops.
Mt. Gox was a bitcoin exchange based in Shibuya, Launched in July 2010. By 2014 it was handling over 70% of all bitcoin transactions worldwide, as the largest bitcoin intermediary and the world’s leading bitcoin exchange.
In February 2014, Mt. Gox suspended trading, closed its website and exchange service, and filed for bankruptcy protection from creditors. In April 2014, the company began liquidation proceedings.
Mt. Gox announced that approximately 850,000 bitcoins belonging to customers and the company were missing and likely stolen, an amount valued at more than $450 million at the time. Although 200,000 bitcoins have since been “found”, the reason for the disappearance still remains a mystery.