Bitcoin investors could face a fresh round of intense selling pressure as a collapsed Japanese cryptocurrency exchange is forced to payout $1bn worth of digital coins, experts have warned.

The digital currency, which has already plunged in value from $17,035 in January $6449 yesterday, is set to slide further in the coming weeks as Mt.Gox, a bankrupt Bitcoin exchange, pays out thousands of coins to creditors.

Kim Nilsson, who has led a four-year campaign to reclaim his stake in the defunct exchange, told the Sunday Telegraph the flood of payouts threatens to “completely crash the market” in Bitcoin.

The payouts to investors who lost vast sums comes after an extraordinary digital heist by Russian…





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