WHY BITCOIN PRICE HAS FALLEN. TRUSTEE OF MT.GOX SOLD COINS FOR $318 MILLION

The Trustee of the exchange Mt.Gox Nobuaki Kobayashi was able to sell Bitcoin and Bitcoin Cash of $318 million through the platform BitPoint, according to documents related to proceedings for bankruptcy of the company in Tokyo district court. This data was published by the group GoxDox.com, which represents the interests of creditors.

“The reason for the transfer of billions of yen to the Bank account of the Trustee is that the exchange has been hired for the sale of Bitcoin and Bitcoin Cash, which belonged to Mt.Gox”, – reported in the publication.

At the beginning of the last year, the network reported that the sharp decline in the exchange rate of digital money may be due to the liquidation of the reserves of the bankrupt exchange. Kobayashi replied that he consulted with experts and sold the cryptocurrency in such a way as not to influence its value.