Mt. Gox sells 400 million dollars worth of Bitcoin and Bitcoin Cash
Yes they did actually do that. The trustee Nobuaki Kobayashi has sold over 400 million dollars worth of Bitcoin and Bitcoin Cash. After the crash of Mt. Gox in 2014 and with lawsuits worth over 400 million dollars, it is speculated that the recent sale is to compensate those that who suffered the loss as a result. Kobayashi states that further sale of the recovered Bitcoin is open pending approvals from the bankruptcy court.
Mt. Gox continues to serve as a grave reminder that yea it is great to be decentralized, but a fine balance between some sort of governance must be put in place or else more cases like it will only increase in the future. Under the name of "hack" whether internally or externally, when reported; who's to believe? Can you imagine carrying a million dollars on a cryptocurrency wallet? Seems crazy right? It is and yet that's what people are pushing for who wants decentralization the entire way.....
Your Fellow Crypto-Knight,
- mastaz -
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