Topic: Kobayashi and his malicious sellout 400 million USD - page 3. (Read 606 times)
These conspiracy theories are a bit funny, Trump met with Kim Jong-un? This is equivalent to the end of the world. Obviously he is trying to control the Bitcoin market. Why use these ridiculous political reasons?
Lol, I know we're all crypto-crazed... but when you create a conspiracy that bitcoin's price drop was solely the focus of a meeting between Kim and Trump over nothing other than bitcoin... it goes a little too far.
I think, yes, this Kobayashi character may have tried to manipulate the market... but whether or not that's in collab with an international conspiracy... I don't think so.
I agree with the guy above me who says that Kobayashi's duties require him to get the best market price for BTC as he can... for the people he's trying to reimburse. THat seems like the logical explanation here.
I think, yes, this Kobayashi character may have tried to manipulate the market... but whether or not that's in collab with an international conspiracy... I don't think so.
I agree with the guy above me who says that Kobayashi's duties require him to get the best market price for BTC as he can... for the people he's trying to reimburse. THat seems like the logical explanation here.
If that's his job then it does surely include a consideration of what happens to the bitcoin price, because by taking the path he's chosen it's meant that he has not got the best price he could have possibly got.
He surely didn't get the best price possible by using these tactics.
His job was to get the best price he could between the 9th creditors meeting (27 Sept. 2017) and the 10th creditors meeting (7th Mar 2018). When he was given that task the price was around $3.5k and he managed to get an average of $10k so I think he'll be pretty pleased.
why do you think bitcoin drops from 19.000 to 7000 brother? 
I believe his job is to get the best price possible to reimburse those that lost out in the bankruptcy. If he didn't do that he would he would be negligent and get fired. His job description doesn't include any consideration to what effect that has on Bitcoin.
He surely didn't get the best price possible by using these tactics.
- Japan started spreading rumors about closing down the exchanges and coupled with this crap, widespread panic and sellout started.
- Japan is acting along and collaborating with USA, dropping the price intentionally.
- The reason for that is the meeting between the president Trumpovski and Kim Jong Unovski.
Trumpovski wants sanctions to be effective, and Kim Jong Unovski wants to bypass sanctions using BTC (all that South Korean hacks and such if ya all remember). Kim wants to go to the table claiming he can do it, Trumpovski wants to strengthen his hand saying that no dude, you cannot do that because BTC price is frigging low.
Do you have any kind of information to back those claims?
You really believe that in the nuclear deal between NK,SK,Japan,China and US BTC matters more than a few bread crumbs ? A virtual currency that can be brought down so easy (in this scenario) is the ace in the hand?
If they wanted that price drop so bad they could have just dropped all the coins the FBI has on the exchanges and not auction them. This is really getting sooo tiresome, every fart that happens in the markets needs to have its own conspiracy theory.
I'm more willing to believe that he's working with Roger Ver to try and crash bitcoin so that bitcoin cash can be number one. Of course we can't say with certainty what his reasoning is.
The plan isn't working if that's the case.
Rather than the flippening , we're close to a 1:10 ratio.
I'm more willing to believe that he's working with Roger Ver to try and crash bitcoin so that bitcoin cash can be number one. Of course we can't say with certainty what his reasoning is.
What I am fairly sure of is that there's something going on behind the scenes that we are unaware of, it seems implausible that he could not foresee the effect this would have on the market price and so there's a reason he choose to do this instead of choosing alternative methods to sell the coins. Then again he could just be a complete moron and not realise that a few hundred million is more than enough to crash the market.
If that's his job then it does surely include a consideration of what happens to the bitcoin price, because by taking the path he's chosen it's meant that he has not got the best price he could have possibly got.
What I am fairly sure of is that there's something going on behind the scenes that we are unaware of, it seems implausible that he could not foresee the effect this would have on the market price and so there's a reason he choose to do this instead of choosing alternative methods to sell the coins. Then again he could just be a complete moron and not realise that a few hundred million is more than enough to crash the market.
I believe his job is to get the best price possible to reimburse those that lost out in the bankruptcy. If he didn't do that he would he would be negligent and get fired. His job description doesn't include any consideration to what effect that has on Bitcoin.
If that's his job then it does surely include a consideration of what happens to the bitcoin price, because by taking the path he's chosen it's meant that he has not got the best price he could have possibly got.
I believe his job is to get the best price possible to reimburse those that lost out in the bankruptcy. If he didn't do that he would he would be negligent and get fired. His job description doesn't include any consideration to what effect that has on Bitcoin.
I do believe this market is manipulated. I do think mt gox has been a contributing factor the the decline but only a contributing factor. Your theory about use and North Korea jostling seems to fit the way I see the world and I don't think that is outside the realms of possibility. Apparently the trustee Mt Gox who sold the large sum was told by kraken to market sell instead of OTC. It is definitely suspicious
yeah he could sell it on OTC but this is another reason about maybe he was the one behing MrGox hack bicouse its the second time MrGox peapol fucking the market and im not shure japan court allow him to do this ... also why only now he is selling the funds ? for shure he got someone inside the court working with him to allow this shit happend and now they say it was hackers made that to allow the guilt to another side ..
also why the american CEO from exchange was found dead? they say it was homicide but everyone knows americans also like making money all cost and for shure that american know something wat was going on and maybe that CEO american help MrGox trustee to launder the stolen BTC from MrGox and after that they kill him to erase the clues and make it look like homicide ..
also if MrGox users lost only 200 milions why the fuck he cashout 400 milion? why the japan court allow this shit ?
this sounds very very fishy and dont think im conspiracy guy bicouse i really like to think about the shit it could happend bicouse only like this we might know the truth about MrGox hack
also why the american CEO from exchange was found dead? they say it was homicide but everyone knows americans also like making money all cost and for shure that american know something wat was going on and maybe that CEO american help MrGox trustee to launder the stolen BTC from MrGox and after that they kill him to erase the clues and make it look like homicide ..
also if MrGox users lost only 200 milions why the fuck he cashout 400 milion? why the japan court allow this shit ?
this sounds very very fishy and dont think im conspiracy guy bicouse i really like to think about the shit it could happend bicouse only like this we might know the truth about MrGox hack
Tokyo District Court-assigned Trustee Nobuaki Kobayashi, named after the cursed ..................
sold so many coins on the regular exchanges, the market crashed. He could sell this on OTC (over the counter) or using an auction. An auction would bring more money and would not crush the market. Kraken offered him to use their dark pool, and this would prevent a market crash as well.
But no, he refused all the logical offers and found a regular exchange where he could dump his coins and crash the market.
Here is why:
Japan started spreading rumors about closing down the exchanges and coupled with this crap, widespread panic and sellout started. The guy started selling with 6000 BTC, followed by 9000 coins and finally 18000 BTC, dropping the price down to 6500 USD.
Now that BTC is back up to 10K, he sold some more.
Japan is acting along and collaborating with USA, dropping the price intentionally. The reason for that is the meeting between the president Trumpovski and Kim Jong Unovski.
Trumpovski wants sanctions to be effective, and Kim Jong Unovski wants to bypass sanctions using BTC (all that South Korean hacks and such if ya all remember). Kim wants to go to the table claiming he can do it, Trumpovski wants to strengthen his hand saying that no dude, you cannot do that because BTC price is frigging low.
So, there you go. We are all victims of an international bargain.
Any other theories? Let's see it.
Here is the related news:
The Tokyo lawyer and trustee for defunct bitcoin exchange Mt. Gox has disclosed the sale over $400 million in Bitcoin and Bitcoin cash since September 2017.
In an announcement [PDF] today, Tokyo District Court-assigned Trustee Nobuaki Kobayashi who is overseeing the Mt. Gox creditors’ claims investigation said he sold approximately $406.6 million (JPY 42,988,044,343) in bitcoin cash. Kobayashi said the decision to sell the cryptocurrencies followed a consultation with the court as he sets out to reimburse Mt. Gox’s creditors. Nearly 90% of the cash raised came from the sale of bitcoin (BTC), with the rest in bitcoin cash (BCC), the Trustee revealed today during the tenth creditors’ meeting in Tokyo.
Kobayashi claimed it was “necessary and reasonable” to sell a portion of bitcoin and bitcoin cash since the 9th creditors’ meeting on September 27th, in order to “secure a certain amount of money for distribution resources.”
He added:
“I made efforts to sell BTC and BCC at as high a price as possible in light of the market price of BTC and BCC at the timing of the sale.”
Details from today’s disclosure reveal that the sale of approximately 35,000 BTC fetched a market average near $10,100.
Once the world’s biggest bitcoin exchange, the now-defunct Mt. Gox filed for bankruptcy in 2014 following the loss of an estimated 750,000 bitcoins. Former chief executive Mark Karpeles saw multiple charges including embezzlement. A sting at a Tokyo detention cell followed before an ongoing trial where Karpeles plead ‘not guilty’ to the charges.
The bankruptcy estate’s bitcoin reserves currently stand at 166,344.35 BTC, approximately $1.7 billion. Kobayashi insists that he will look to raise additional cash from future sales of BTC and BCC in order to ultimately reimburse nearly 25,000 accepted claims from creditors.
Kobayashi stated:
“I plan to consult with the court and determine further sale of BTC and BCC.”
sold so many coins on the regular exchanges, the market crashed. He could sell this on OTC (over the counter) or using an auction. An auction would bring more money and would not crush the market. Kraken offered him to use their dark pool, and this would prevent a market crash as well.
But no, he refused all the logical offers and found a regular exchange where he could dump his coins and crash the market.
Here is why:
Japan started spreading rumors about closing down the exchanges and coupled with this crap, widespread panic and sellout started. The guy started selling with 6000 BTC, followed by 9000 coins and finally 18000 BTC, dropping the price down to 6500 USD.
Now that BTC is back up to 10K, he sold some more.
Japan is acting along and collaborating with USA, dropping the price intentionally. The reason for that is the meeting between the president Trumpovski and Kim Jong Unovski.
Trumpovski wants sanctions to be effective, and Kim Jong Unovski wants to bypass sanctions using BTC (all that South Korean hacks and such if ya all remember). Kim wants to go to the table claiming he can do it, Trumpovski wants to strengthen his hand saying that no dude, you cannot do that because BTC price is frigging low.
So, there you go. We are all victims of an international bargain.
Any other theories? Let's see it.
Here is the related news:
The Tokyo lawyer and trustee for defunct bitcoin exchange Mt. Gox has disclosed the sale over $400 million in Bitcoin and Bitcoin cash since September 2017.
In an announcement [PDF] today, Tokyo District Court-assigned Trustee Nobuaki Kobayashi who is overseeing the Mt. Gox creditors’ claims investigation said he sold approximately $406.6 million (JPY 42,988,044,343) in bitcoin cash. Kobayashi said the decision to sell the cryptocurrencies followed a consultation with the court as he sets out to reimburse Mt. Gox’s creditors. Nearly 90% of the cash raised came from the sale of bitcoin (BTC), with the rest in bitcoin cash (BCC), the Trustee revealed today during the tenth creditors’ meeting in Tokyo.
Kobayashi claimed it was “necessary and reasonable” to sell a portion of bitcoin and bitcoin cash since the 9th creditors’ meeting on September 27th, in order to “secure a certain amount of money for distribution resources.”
He added:
“I made efforts to sell BTC and BCC at as high a price as possible in light of the market price of BTC and BCC at the timing of the sale.”
Details from today’s disclosure reveal that the sale of approximately 35,000 BTC fetched a market average near $10,100.
Once the world’s biggest bitcoin exchange, the now-defunct Mt. Gox filed for bankruptcy in 2014 following the loss of an estimated 750,000 bitcoins. Former chief executive Mark Karpeles saw multiple charges including embezzlement. A sting at a Tokyo detention cell followed before an ongoing trial where Karpeles plead ‘not guilty’ to the charges.
The bankruptcy estate’s bitcoin reserves currently stand at 166,344.35 BTC, approximately $1.7 billion. Kobayashi insists that he will look to raise additional cash from future sales of BTC and BCC in order to ultimately reimburse nearly 25,000 accepted claims from creditors.
Kobayashi stated:
“I plan to consult with the court and determine further sale of BTC and BCC.”
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