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But now it turns out that there is no SilkRoad involvement.

bitcoin market crash

In the latest development regarding this matter, WizSec, a security specialist firm based in Tokyo, tweeted saying that the investigated wallet belonged to Mt Gox and not SilkRoad- a possibility which even the Redditor felt could be. The original wallet ownedHe assumed it to be that of SilkRoad. On being asked about his surety of the wallet belonging to SilkRoad, the Redditor had said there were various possibilities of the ownership of the wallet including that it could of Mt Gox.

The confusion was sighted as the timing of the last transaction bitcoin market crash the wallet before going dormant was about 4 years and 5 months old.

bitcoin market crash

This coincided with the event happening parallelly at Mt Gox and SilkRoad. Gox hot wallet over time, beginning in late Related: Silk Road Bitcoin Wallet Activates Again, Huge Dump Anticipated by the Community Mt Gox public rehabilitation program In the last week of AugustMt Gox, the exchange that is known for the biggest and one of the first hacks in cryptocurrency world, had started accepting claims for its creditors.

On Aug. Gox trustee Nobuaki Kobayashi released an online submission process for creditors to prove their claims.

The deadline is set for October 22,to submit a filing. The notice also states the claimant or creditor will lose the right to claim if he or she misses the deadline.

Market Crash Coming? Over $840 Million Worth of Bitcoin Whale Movement Belongs to Mt GOX

As the deadline is approaching and is just a month away, it could be assumed that the Wallet activation was because the payment due date is just around the corner.

A whale movement in the crypto market is risky as it impacts the prices significantly. But an event like Mt Gox payments to creditors is significantly positive and one of the biggest drivers to gain back the trust of the community against the industry that is marred by hacks and people losing bitcoin market crash monies. And lack of willing buyers can further worsen the market situation.

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  • "Как же они такими выросли.

The confusions regarding origins of this wallet seem to have finally cleared out and will bring to rest the fears of huge dumps in the market hoping Mt Gox claim process is phased out in a correct manner. Do you still believe the wallet could be of SilkRoad? Do let us know your views on the same.

bitcoin market crash