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So from the wallet it looks like he transferred in the $154M on May 19, 2021, when BTC was about $36,600 (interestingly it was down ~14% that day, hello crypto
by ljoshua 5y ago
So from the wallet it looks like he transferred in the $154M on May 19, 2021, when BTC was about $36,600 (interestingly it was down ~14% that day, hello crypto volatility). Then when it was transferred back out on Dec 1, when BTC was about $57,000. Even if you take the opening price for May 19 ($39k) that's a tidy capital gain of around $69,822,000. Does Sony get to benefit from that, and should they be paying Ishii some investment fees here? Or maybe that just gets filed under "investigation costs." ;)
- deleted 5y ago[deleted]
- petronio 5y agoI suspect Sony will be getting $154M in cash rather than as bitcoin, as that's what was initially stolen. Whatever is left after the US government auctions it off stays with the US government.
- cstrat 5y agoI mean this kind of makes sense in a way, but if the BTC were worth less than the $154M the US govt. wouldn't make them whole... a little one sided.