New WIZSEC Report Points To Definitive Insider Trading At Mt. Gox

In the latest report from Wiztec, a Tokyo-based security firm, conclusive evidence has been found of insider trading and price manipulation at the defunct Mt. Gox exchange.
The report states this price manipulation started in February 2013 when the price was around US$25 and continued all the way until February 2014 when the price crashed from its all time high above US$1,000. The report concludes that 570,000 BTC were bought in the period between February and November and that this definitely had a meaningful impact on price.
Willy Report Overview
Wiztec corroborates the findings of the original Willy report, which showed that automated trading began on September 27, 2013 and continued at least until the end of November. It then claims that the automated trading went on through February 2014.
However, prior to this, there was suspicious trading activity from February until September of 2013 that seemed to buy a lot of bitcoin and conveniently stopped just a few hours before the Willybot appeared. Willy bought 250,000 BTC between September 27 and November 30.
The report concludes there was a high probability this had a large effect on the BTC price, which climbed to over US$1,000 during this time. The chart below shows the trading activity of the Willybot and the run-up in price. Notice the few suspicious incidents where Willy isn’t trading and the price corrects itself.

This post was published at Coin Telegraph on 2015-02-23.