FOMO Daily, 30th October 2018

Oct 30, 2018 · 6m 10s
FOMO Daily, 30th October 2018
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Before we talk about the news of the last 24 hours... happy 10th birthday, Bitcoin! I’m not saying you look better than ever, that’s unfortunately not the case, but hey,...

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Before we talk about the news of the last 24 hours... happy 10th birthday, Bitcoin! I’m not saying you look better than ever, that’s unfortunately not the case, but hey, what goes down, will go up, eventually.

Some of our Canadian friends have bigger things to worry about than the current price movement, because their Bitcoin disappeared. The fairy small local exchange, MapleChange, informed the community on Twitter yesterday that due to a bug, a hacker was able to steal all the money held in the exchange wallets, and they have no funds to pay back their customers. Hacks do happen, but this particular one smells. Circumstances, including the timing of the hack, early Sunday morning, and the fact that the founder and CEO deleted all his social media profiles point to an exit scam.

If you think $6.3M might actually worth the risk, how about 300k? This is how much money the founder and first CTO of Oyster Protocol stole yesterday. He authored the original smart contract for Oyster, issuing the PRL or Pearl tokens, and apparently he left a back door no one noticed despite the contract having been audited multiple times.

One exchange which is definitely not shady is Bitstamp. Yesterday they announced that they’ve been acquired by Nexon, one the biggest game developers in Korea, who also own Korbit, the second largest exchange in the country. Looks like nothing is going to change at Bitstamp, or at least not in the short term.
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Author FOMO Consulting
Organization FOMO Consulting
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