The trustee liquidating cryptocurrencies on behalf of defunct exchange Mt. Gox has offloaded another 25.98 billion yen ($230 million) of Bitcoin and Bitcoin Cash, Bloomberg News reported. The disposals were made in the period since the 10th creditors meeting was held on March 7, Nobuaki Kobayashi said in a statement yesterday. The total compares with 43 billion yen in the prior round of sales, which the bankruptcy attorney announced six months ago. Digital coin investors closely follow the moves of Kobayashi, who is known in crypto circles as the “Tokyo whale” because of the heap of tokens he controls. Japan-based Mt. Gox, once the largest Bitcoin exchange, filed for protection from creditors about four years ago after disclosing that it lost 850,000 Bitcoins. Back then, the haul was worth about $500 million but would now fetch more than $5 billion.
