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Lol it's so much
When the Ethereum network split into two (ETC and ETH, July 2016) the networks didn't have replay protection so you would send thru these contracts that were super simple and would ensure that ONLY your ETH or ETC was sent on the intended chain.
When the Ethereum network split into two (ETC and ETH, July 2016) the networks didn't have replay protection so you would send thru these contracts that were super simple and would ensure that ONLY your ETH or ETC was sent on the intended chain.
It was especially important exchanges did this as in the first days of the network split, users who were "in the know" could send only ETH to, say, Coinbase and then withdraw that ETH but actually receive ETH & ETC and then send that ETH and separately ETC to Poloniex to profit.
It doesn't matter if the forkchain doesn't have value but the moment Polo listed ETC (about 3 days after the hard fork) ETC had value and eventually anyone who had ETH listed at the time of the fork had to credit their customers w ETC. That they may have inadvertantly given away.
#qcx
> he lost roughly $28m on external exchanges
> $115m of the company’s revenue was conjured by Cotten
> $2m was pocketed by Cotten for his own luxury expenses
> $46m has been seized in court proceedings
> $23-24 million is unaccounted
decrypt.co/32080/quadriga…
> he lost roughly $28m on external exchanges
> $115m of the company’s revenue was conjured by Cotten
> $2m was pocketed by Cotten for his own luxury expenses
> $46m has been seized in court proceedings
> $23-24 million is unaccounted
decrypt.co/32080/quadriga…
“The misconduct uncovered in relation to Quadriga is limited to Quadriga,” said the Ontario regulator, “and should not be understood as applying to the crypto asset platform industry as a whole.”
No one tell him about the bitwise report. 🙈🙊😂
#qcx
No one tell him about the bitwise report. 🙈🙊😂
#qcx
Guys I love you but seriously. A regulator just stood up for our bullshit. Stop ruining it.
Looking like my long-held theory that there isn't $190M missing because there was never actually $190M is looking more and more likely. 🤔
Their internal DBs *think* they have more $$ than they have due to combo of
- bad code & math
- fake volume
- internal/external arb
#qcx
Their internal DBs *think* they have more $$ than they have due to combo of
- bad code & math
- fake volume
- internal/external arb
#qcx
Disclosure: this is a theory and this is pure and utter speculation and I have no facts to back it up and you should really stop trusting random people on the internet, folks.
The year is 2014. Gerald Cotten teaches the sweet Canadian children about the potentials of the great decentralized ledger.
No one could have predicted that 4 short years later, his downfall would be due to FAILING TO KEEP A FUCKING LEDGER HIMSELF ARE YOU KIDDING ME?!
No one could have predicted that 4 short years later, his downfall would be due to FAILING TO KEEP A FUCKING LEDGER HIMSELF ARE YOU KIDDING ME?!
