Angry bitcoin traders are railing against bitoin sales by the trustees of funds from collapsed Japanese crypto exchange Mt Gox.Mt Gox was launched in 2010 and was one of the earliest cryptocurrency exchanges. It grew to become the world's biggest exchange but filed for bankruptcy in 2014 after being hit by a $ 450 million hack. Its remaining funds have been placed into a trust to help pay back creditors.Bloomberg reported on Wednesday that Nobuaki Kobayashi, the Tokyo attorney and bankruptcy trustee for Mt Gox's funds, disclosed in a creditor's meeting this week that he sold $ 400 million of Mt Gox's bitcoin since last September. Kobayashi is in charge of liquidating Mt Gox's fund of 166,000 bitcoins as of March 5.Bitcoin investor Alistair Milne subsequently pointed out on Twitter that over half of the bitcoin Kobayashi sold was transferred to an exchange on February 5, the day before bitcoin hit a three-month low of close to $ 6,000. Nice @lexiconical
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Thank you sir @lexiconical
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