Cryptocurrencies
Bitcoin's Latest Rub: Overhang Ghost From Mt. Gox Bankruptcy
- Blame may be misplaced since trustee sales began in September
- Biggest cryptocurrency is down about 19% since Monday
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Bitcoin investors seething over a clampdown on Japanese cryptocurrency exchanges and renewed regulatory scrutiny of trading venues in the U.S. now have bigger fish to fry as they assign blame for the recent price decline.
They’re citing the attorney Nobuaki Kobayashi, known as the Tokyo “whale,” for helping to push Bitcoin below $10,000 this week, when news emerged that in his role as bankruptcy trustee he has been liquidating cryptocurrencies on behalf of creditors in the now-defunct Mt. Gox crypto exchange.