Behind the decline in bitcoin prices, Mt. Is there a Gox?
Behind the decline in bitcoin prices, Mt. Is there a Gox?
Japan-based Mt. Gox Stock Exchange was the world's largest stock exchange. But the cyber was attacked, resulting in hundreds of thousands of Bitcoins (BTC) being stolen from the stock market. This event, which caused incredible tremors in the crypto money industry, is affecting Bitcoin even now. Bitcoin's $ 1,000 fast drop in prices from the peak of the last 40 days was behind the decline in Bitcoin prices. Is there a Gox? brings the sorusun.
Behind the decline in bitcoin prices, Bitcoin's Mt. There is a move from the Gox wallet to the stock exchange
Since reaching the level of $ 9,700, Bitcoin has been on a downward trend since the day. Bitcoin is now trading at $ 8,887 with a 7 percent decline. This table shows that Bitcoin has dropped by a thousand dollars in the last 24 hours. The reason for this decline in Bitcoin is 16,000 Bitcoins and 16,000 Bitcoin Cash Mt. Gox's purses are being directed to resell the stock market.
After the hacking attack, Mt. Tokyo's bankruptcy manager Nobuaki Kobayashi, who was assigned to the Gox stock exchange, was selling Bitcoin because of the payments to the victims. The bankruptcy manager intervened in the market and sold Bitcoin regularly to crypto money exchanges. It is known that the Bankruptcy Administration has sold a total of $ 400 million in the last two months as Bitcoin and Bitcoin Cash (BCH). As reported, the bankruptcy manager has 166,000 Bitcoins in his possession. It is stated that these remaining Bitcoins will be sold in the future for payments to be made to the receivers.
Total 16,000 Bitcoin and 16,000 Bitcoin Cash redirected to the stock exchange
The $ 400 million previously sold Bitcoin and Bitcoin Cash were the biggest impact on Bitcoin. Now a total of 16,000 Bitcoin and 16,000 Bitcoin Cash are redirected to the stock exchange. 16,000 Bitcoins (approx. 116 million euros) and 16,000 Bitcoin Cash (approx. 17,5 million euros) were transferred to a single unit:
Bitcoin Address: 14LuAvrRzAmeikgaafs7H5695xs5dVXqA5
Bitcoin Cash Address: 1K3RsYNFgYA5p2MMzZ4fT6XEYPV7N3NJMD
Bitcoin transfer is not done from any SegWit address, it's definite. However, it is not clear what Bitcoins directed to the market will be used for. It is estimated that Bitcoin and Bitcoin Cash will be sold. Apparently, these addresses are the same as when the bankruptcy manager sold 400 million dollars. Bitcoin, however, may also be sold on over-the-counter (OTC) markets that do not affect Bitcoin price. But these are just speculations.
Bitcoins were not distributed proportionally to all victims
Mt. Gox had filed for bankruptcy in 2014 and owed $ 414 million to his customers. Then 202,185,36
Bitcoin was seized. The Bankruptcy Administration has sold over 40,000 BTC, meaning that over 162,000 Bitcoins remain.