Cybersecurity
Tokyo Whale Sells $230 Million of Bitcoin in Mt. Gox Wind-Down
- Trustee is liquidating tokens for creditors in bankruptcy
- Bitcoin was sold at average $8,100 versus current $6,424 price
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The trustee liquidating cryptocurrencies on behalf of defunct exchange Mt. Gox has offloaded another 25.98 billion yen ($230 million) of Bitcoin and Bitcoin Cash.
The disposals were made in the period since the 10th creditors meeting was held on March 7, Nobuaki Kobayashi said in a statement on Tuesday. The total compares with 43 billion yen in the prior round of sales, which the bankruptcy attorney announced six months ago.