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Bitcoin's Tokyo Whale (not to be confused with that Tokyo Whale) revealed on Wednesday that he has sold off about $400 million in bitcoin and bitcoin cash since late September.
Kobayashi made his disclosure in the report from the 10th creditors' meeting, which took place Wednesday.
In the report, he said he'd started selling off the bitcoin and bitcoin cash to raise money for disbursements that the trustee will soon need to begin making as bankruptcy claims are being evaluated, per Bloomberg.
I also read this news on local newspaper. This guys are whales and have power to move any financial market. Since there is no strong regulation rules in crypto market this makes everything much more easier for them: No need to report your activity,noone will ask about where money comes and goes etc.. At some point things look really weird for people like us....