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Mt. Gox’s largest trustee unloads $230M worth of Bitcoin, and nobody knows why


The Mt. Gox saga keeps dragging on. The now defunct cryptocurrency exchange’s largest trustee, Nobuaki Kobayashi, has sold off $230 million (26 billion yen) worth of Bitcoin. Kobayahsi – who is known as the “Tokyo Whale” in cryptocurrency circles – has been selling off the cryptocurrency since early March following the 10th creditors meeting, Bloomberg reports. It would appear that the Tokyo Whale received an average of $8,100 per Bitcoin. Even if the money does go straight to those affected by Mt. Gox’s collapse, the exchange still has to pay back nearly $1 billion based on current market rates. There’s…

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