Leaked Documents Suggest Mt. Gox Trustee’s Bitcoin Sales Impacted Market Prices
On Tuesday, Feb. 5, the infamous Goxdox blog returned to inform the public of more detailed Mt. Gox information that “No one wants you to know about.” According to Goxdox, the Mt. Gox trustee Nobuaki Kobayashi’s bank book shows that he previously sold large sums of BTC and BCH using the exchange Bitpoint.
Last year there was a lot of talk about the Mt. Gox trustee Nobuaki Kobayashi and the possibility of him dumping large sums of bitcoin on the open market.
Unless Bitpoint is being really generous, we’d wager the reason they are depositing billions JPY into the trustee’s bank account is because they were hired to sell the Mt. Gox Estate’s BTC/BCH.
Bitpoint’s Sale Affected Price Discovery.
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. The revelation of the Mt. Gox trustee’s bank book follows the recent claim from Coinlab that hopes to gain a $16 billion settlement from the Mt. Gox civil rehabilitation.
Jamie Redman’s original article for news.bitcoin.com reduced by 72%
Related story: Coinlab’s Mt.Gox Claim Jumps From $75m To $16 Billion, Freezing Restitution (cryptoglobe.com)
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