MT Gox Trustee Sold Bitcoins In Exchanges And Not OTC, Court Evidence Reveals
The activities of Nobuaki Kobayashi, the Mt Gox bankruptcy trustee -also known as the MtGox Whale-, have been carefully followed by the community of crypto users, not only because of the impact they could have on the victims of the most famous hack in the history of crypto-mint, but also because he could affect the performance of the general market in just a few clicks.
Nobuaki Kobayashi responded to these accusations stating that he should not be blamed for the bearish trend since the sales he made could not be reflected in the graphs of the exchanges as they were made Over The Counter.
“Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the extent possible.”
A new set of court documents revealed by GoxDox, show that despite the recommendations of advisers and Kraken Exchange, Nobuaki Kobayashi rejected the idea of selling Bitcoins OTC and unconsultingly sold a significant amount of Bitcoins on BITPoint.
“The new data from the trustee’s bank book coupled with BTC’s price declines in May/June 2018 indicate that the method BitPoint used to conduct the sale affected price discovery. In other words, BitPoint sold on an exchange and not OTC.”.
Jose Antonio Lanz’s original article for ethereumworldnews.com reduced by 50%
Related story: Leaked Documents Suggest Mt. Gox Trustee’s Bitcoin Sales Impacted Market Prices
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