Mt Gox’s Nobuaki Kobayashi transfers more bitcoins totalling to $140M

Nobuaki Kobayashi reminds about himself and Mt Gox once again as 16,000 BTC or roughly $141 million has been transferred elsewhere from the wallets he possesses. Bitcoin Cash funds (appeared due to the hard fork nature of this altcoin) have also been recently moved from the wallets, also 16,000 units of them.

The trustee of the collapsed Mt Gox cryptocurrency exchange has lately implied that his current financial operations were not a matter to discuss widely and stated they did not manipulate the price of Bitcoin because the actual sale talks are made long before any transactions. And today we see the indirect confirmation of his arguments — Bitcoin’s price has not dropped dramatically even despite the big sum transferred.

The collapse Mt Gox in 2014 is one of the key points of Bitcoin history: previously considered one of the most trustworthy exchanges, it has collapsed due to insolvency and the hidden theft of 744,408 BTC (which would have made $6,863,683,692.60 today). Amidst those events, CEO of Mt Gox Mark Karpelès has left the board of Bitcoin Foundation. He was arrested in 2015 but released after a bail was paid. Now he plans to return the funds to all who lost them, although it’s easier said than done.

Image courtesy of John Websell / TEC Partners