$312 million in Mt Gox crypto allegedly sold by trustee through BitPoint

Goxdox, an advocacy website for the creditors of now-bankrupt exchange Mt Gox, published leaked bank documents Tuesday which appear to show that $312 million worth of their bitcoin was sold on Japanese exchange BitPoint, Coindesk reports.


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The payments allegedly show billions of Japanese yen moving last year from BitPoint into the bank account of Mt Gox trustee, Nobuaki Kobayashi. Goxdox concluded that Kobayashi likely hired BitPoint to sell the Mt Gox Estate’s crypto on the open market.

The CEO of crypto exchange Kraken Jesse Powell, hired to help recover the coins stolen from Mt Gox after a 2014 hack, says the trustee ignored his advice not to sell and had not shared his intentions. He urged creditors to “demand details on BitPoint’s selling methods.”

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Isabel is The Block's London and European reporter. She previously reported for Reuters in Madrid and London, following on from her time as a freelance journalist for the Guardian and the New York Times. She has a Bachelors in War Studies from King’s College London and a Master of Philosophy from the University of Oxford. Conflict of Interest: Edward Woodford, the CEO of SeedCX, is Isabel's brother. She does not report on any issues related to Seed or advise other authors in any regard.