Mt.Gox Made a Small Transfer, Estimated to Be a Test

IconCryptoNewsTerminal Staff29 Jul, 2024

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Mt.Gox Made a Small Transfer, Estimated to Be a Test

Mt.Gox, a cryptocurrency exchange that collapsed in 2014, recently made a small transfer of 0.02 BTC to an unknown address. The transfer was made approximately 40 minutes ago, according to Arkham Intelligence. It is believed that this transfer was a test, as Mt.Gox has been preparing to relaunch its exchange. The relaunch of Mt.Gox has been highly anticipated by the cryptocurrency community. The exchange was once one of the largest in the world, and its collapse sent shockwaves through the industry. However, many believe that Mt.Gox has learned from its mistakes and is now ready to make a comeback. The small transfer made by Mt.Gox is a sign that the exchange is preparing to resume operations. It is still unclear when the relaunch will take place, but the recent transfer suggests that it could be sooner rather than later.

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