Mount Gox Small Transfer Hints at Estimated Tests

IconCryptoNewsTerminal Staff21 Jul, 2024

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Mount Gox Small Transfer Hints at Estimated Tests

Mount Gox, the once-largest Bitcoin exchange, has made a small transfer of 0.021 BTC to an anonymous address. The transfer was made seven minutes ago, according to Arkham. Experts believe that this transfer is likely a test, as Mount Gox has been preparing to relaunch its exchange. The company has been working to regain the trust of its customers after it was hacked in 2014, losing 850,000 BTC. If Mount Gox is able to successfully relaunch its exchange, it could be a major boost for the Bitcoin ecosystem. The company has a large number of loyal customers, and its return could help to increase the liquidity of the Bitcoin market. However, it is important to note that this is just a test transfer. There is no guarantee that Mount Gox will be able to successfully relaunch its exchange.

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