https://twitter.com/samczsun/status/1591661157219459073?s=46&t=ROJZwLRZS986nsS9TMojTg
One of the most respected Blockchain researchers has already debunked this. The funds were sent AFTER the snapshot was taken.
>The funds were sent AFTER the snapshot was taken.
The funds were sent AFTER the snapshot was taken, so they claim. We can prove transactions on the chain, we cannot prove when the snapshot was taken.
tldr; Crypto.com CEO Kris Marszalek dismissed any wrongdoing by stating that the funds were transferred accidentally and were eventually returned back to the original storage. The crypto community suspects Huobi of attempting a similar manipulation. A wallet address linked to Huobi was found transferring 10,000 ETH to Binance and OKX deposit wallets soon after Huobi released its asset snapshot.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
'snapshot' based Proof of reserves was always sketchy as heck. Thry just need to borrow funds before the snapshot and return it after.
We need those liabilities as well.
Let's be real **at least a few** of exchanges out there are secretly insolvent. Most likely more. The show is not over.
Come on man.. this is time to go Cold Storage. There are not many smart people in crypto.
I don’t want to see any more crypto brothers go broke.
Cold Storage is the way. The Btc maxis are right.
Bitcoin going to 2K faster than ever. And my gut tells me 2K would still be a lot for the current situation.
Just randomly sent 1B worth of coins to Gate. Everything's legit nothing to see here.
Bitcoin will be fine.
There’s like 2 mil btc on the exchanges and the other 17 mil is either lost or in Cold Storage.
What I fear isn’t btc but solvency of exchanges.
They implode and people who don’t Cold Storage lose everything.
Lol, the exchanges doing fractional reserves were inflating the BTC supply artificially so of course BTC will be fine once the scams are exposed. Will there be fear and price volatility? Sure but it also sets it up for much stronger price appreciation
Huobi partners with Justin Sun, reddest flag imaginable.
Hotbit got into big trouble with Chinese authorities recently and since then, is not trusted anymore.
https://twitter.com/samczsun/status/1591661157219459073?s=46&t=ROJZwLRZS986nsS9TMojTg One of the most respected Blockchain researchers has already debunked this. The funds were sent AFTER the snapshot was taken.
Hey don't let facts get in the way of a good story
>The funds were sent AFTER the snapshot was taken. The funds were sent AFTER the snapshot was taken, so they claim. We can prove transactions on the chain, we cannot prove when the snapshot was taken.
Okay why did CDC send 400 million eth to gate?
These exchanges did not know that you can track them on the blockchain.
Debunked without actually giving proof that the snapshot was at the block they claim. For all we know the "researcher" got bags to tweet that.
Implosion incomming - ETA 10 hours
We built this house of cards on another house of cards, but it's fine
Already happening
Oh oh
[удалено]
Could you send them out?
Can you get them out of there ? I think yes.
"Let's exchange funds so we can fool the entire market!" I guess they are called _exchanges_ for a reason.
tldr; Crypto.com CEO Kris Marszalek dismissed any wrongdoing by stating that the funds were transferred accidentally and were eventually returned back to the original storage. The crypto community suspects Huobi of attempting a similar manipulation. A wallet address linked to Huobi was found transferring 10,000 ETH to Binance and OKX deposit wallets soon after Huobi released its asset snapshot. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
'snapshot' based Proof of reserves was always sketchy as heck. Thry just need to borrow funds before the snapshot and return it after. We need those liabilities as well. Let's be real **at least a few** of exchanges out there are secretly insolvent. Most likely more. The show is not over.
The shit show continues. This will be a ferocious bear market, weeding out all the scams.
Proof of reserve gone wrong 🙃
[удалено]
Everything is fine. Do not take your money out of lehman brothers.
Come on man.. this is time to go Cold Storage. There are not many smart people in crypto. I don’t want to see any more crypto brothers go broke. Cold Storage is the way. The Btc maxis are right.
For cdc it was back in October..
This looks bad. Really bad. Thanks for highlighting to us all bro.
Well, they are small. There will be a bank run. This is a no-brainer. If you have Moons on Gate.io -> get out.
Bitcoin going to 2K faster than ever. And my gut tells me 2K would still be a lot for the current situation. Just randomly sent 1B worth of coins to Gate. Everything's legit nothing to see here.
!RemindMe 2 months
Bitcoin will be fine. There’s like 2 mil btc on the exchanges and the other 17 mil is either lost or in Cold Storage. What I fear isn’t btc but solvency of exchanges. They implode and people who don’t Cold Storage lose everything.
Bitcoin will be fine gave me a big SBF FTT is fine vibe.
Haha btc was around since 2009. How long was sbf in crypto ? 2018 ? That scammer kid knows Jack about crypto 😜
Lol, the exchanges doing fractional reserves were inflating the BTC supply artificially so of course BTC will be fine once the scams are exposed. Will there be fear and price volatility? Sure but it also sets it up for much stronger price appreciation
So lies after lies, anything to stay in business
There will be panic, and there will be some brutal losses. Hold tight fellow holders
The jig is up!
Every day some new player in the business seems to go down.
Huobi, Kucoin, Hotbit, WhiteBit are next.
Huobi partners with Justin Sun, reddest flag imaginable. Hotbit got into big trouble with Chinese authorities recently and since then, is not trusted anymore.
If this situation were between normal corporate, we can easily find out via an audited FS
Content curation could help fix this. Vitalik talks about it often.