The Mt. Gox saga keeps dragging on. The now defunct cryptocurrency exchange’s largest trustee, Nobuaki Kobayashi, has sold off $230 million (26 billion yen) worth of Bitcoin. Kobayahsi – who is known as the “Tokyo Whale” in cryptocurrency circles – has been selling off the cryptocurrency since early March following the 10th creditors meeting, Bloomberg reports. It would appear that the Tokyo Whale received an average of $8,100 per Bitcoin. Even if the money does go straight to those affected by Mt. Gox’s collapse, the exchange still has to pay back nearly $1 billion based on current market rates. There’s…

This story continues at The Next Web

Or just read more coverage about: Bitcoin