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Bitcoin is again pulling the strings: the Tactics of the major cryptocurrency whale from Tokyo

Some people still doubt that the Bitcoin and cryptocurrency markets in General are manipulated, players with big money, the so-called whales. They first accumulate and then dump large stocks of cryptocurrencies. If you don’t believe that, then you have never heard about, Nobuaki Kobayashi.

, Nobuaki Kobayashi, a lawyer from Tokyo, who was also the head of the Board of Trustees of the now inoperative bitcoin exchange MtGox.

On Wednesday, Kobayashi said that he sold Bitcoin (BTC) and Cash (BCH) in excess of $ 400 million. He claims that he began the sale process in September of last year.

Kobayashi still holdit Bitcoins and Bitcoin Cash in the amount of $ 1.8 billion, which he plans to sell to pay back creditors of Mt.Gox. For reference, in the possession of Kobayashi remains approximately 179,245.37 BTC.

Kobayashi claims that his strategy of trading in cryptocurrencies is trying to obtain “the highest possible price.” In other words, he was probably manipulated by big money. Think about the walls, which miraculously appeared and disappeared.

According to the information in the report of Kobayashi on the website of the Mt.Gox, during the initial period of sale, the Trustee sold bitcoins at $10.5 thousand. At the time of this writing, Bitcoin is trading at $ 9 897.

We will remind, earlier it became known that the British company Always Efficient LLP behind BTC-e, could be involved in the laundering of bitcoins with Mt.Gox.

Investigators say that nearly half of the stolen bitcoins from MtGox was on a competing exchange, which asserts that operated by the British company Always Efficient LLP. According to the BBC, “Always Efficient” legally registered to an address in East London, which is also associated with several companies suspected of money laundering.

The post Bitcoin is again pulling the strings: the Tactics of the Major Cryptocurrency Whale from Tokyo appeared first on FineCrypto.



This post first appeared on Cryptocurrency News, please read the originial post: here

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Bitcoin is again pulling the strings: the Tactics of the major cryptocurrency whale from Tokyo

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