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The now-defunct exchange desk, Mt. Gox seems to have transferred 16,000 BTC and 16,000 BCH into different addresses, sparking fears of a potential massive sell-off that could depress prices.
The transactions, worth nearly $141 million, were first flagged by CryptoGround, a service that monitors Mt. Gox’s Bitcoin and Bitcoin Cash wallets. Blockchain data indicates that the coins, which came from multiple addresses, were consolidated into a single wallet, with 0 BTC remaining in the source addresses.
The 16,000 BTC have been transferred to the following address:
The wallets are controlled by the exchange’s bankruptcy trustee, Nobuaki Kobayashi, a controversial Tokyo lawyer who previously sold about $400 million of the coins in September 2017. Kobayashi is supposed to be liquidating the tokens on behalf of Mt. Gox creditors.
Some investors have taken to social me...
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