F I R E S A L E - EDG IS FUCKED HARD!!!!
EDG is finished. It has been hacked, it's game over. Sell now in my opinion, sell hard or you will end up with 0$ all your money gone...
The morons from Parity Wallet have fucked up miserably, these idiots have had a critical bug in their >1.5 version wallet software that allowed about 30 million $ to be stolen:
It affected Swarmcity, a shitty project that I almost invested in, and it looks like it affected EDG too, the hacker got to EDG as well, 5.7 million stolen:
This hacker has stolen 17 million $ from Parity , and EDG had their ICO funds stored in the Parity moronic wallet, thus 5.7 million stolen from the ICO funds.....
It's finished, say bye bye to the casino license, no sane bureaucrat will now grant a license to these assholes after losing so much money. Why the fuck can't they store such large funds on verified coldstorage wallets, like the Mist that I am using for larger funds? Careless idiots….
Bunch of moronic losers. Now I have lost 30% of my money again because a bunch of morons can't store the ICO funds properly.
I'm out of EDG for good, it's finished, game over.
Disclaimer: The information provided on this page or blog post might be incorrect, inaccurate or incomplete. I am not responsible if you lose money or other valuables using the information on this page or blog post! This page or blog post is not an investment advice, just my opinion and analysis for educational or entertainment purposes.
Sources:
https://pixabay.com
Holy shit! I'm glad I sold out long ago. Damn... Will follow this shiatzu
I believed in this coin so hard, if they'd got their license the price would have went up 10x higher.
This was a totally unexpected event, and their carelessness with people's money is really disgusting, I had no idea about their security setup, nor that so much risk is involved in them storing the ICO funds carelessly.
It happens, but I am pissed because it's the 2nd time in a row after the recent correction.
Well I have to manage my risk better, I used to ignore these risks, but now it looks like they are biting back.
Maybe they know that they not gonna get a license and fake whole event.
Nah, I don't think the dev team is involved. It's too easy to get a license in Curacao, another cryptocurrency already got it, so it makes no sense to fake it, and they had everything in line to deliver the project, it makes no sense to host a giant scam. If it'd been a scam then they would have exited after the ICO, but why now?
This is just pure negligence, and extreme incompetence, but not malice. Regardless this is more or less a fatal blow to the project, I don't think they can recover after this crap.
In the next 24 hours I would not be surprized if everyone would go and sell theri EDG tokens.
Wonder if this caused the Ether dive earlier today.
He didnt sold yet, but the EDG investors didnt realized yet in how much crap they are in, otherwise the price would have already crashed. It just happened like 2 hours ago, in 24 hours the price could go to -70% in my opinion. I am selling now as we speak, I have to get out quick and salvage what I have left. Already lost 30%.
Yeah...same for the other coins using parity wallets.
Tons of tokens got robbed, I'd watch out for those too, luckily I don't have any of those but man this could be very bearish to ETH, which was just about to stabilize.
I am so sick of these fucking hackers. But I am more sick of incompetent lousy developers who can't code a wallet software properly.
https://medium.com/@tomasdraksas/edgeless-response-to-parity-hack-3e35e20ba85c Did you read this? Maybe you can take it down a notch.
Yes I knew about that from the original article, they say 5.6 m $ was lost, i know. It's not about the loss of money, it's about the loss of confidence. There was a firesale last night, I could barely got out with a 25% loss.
I am done with this project, too bad I had great hopes for it, but I lost too much in the recent crash to trust such negligence anymore.
I knoooooooooow but I keep hanging on to this HODL dream that it will come back!!!! :( sad to see such a mistake
I have learned it the hardway (by losing like 50% in other coins) that HODLing is a fool strategy. People need to be adaptive to circumstances, hence it may recover, but I don't see that.
In the meantime I will be trading PPT where I can make 30% profit daily, the last 2 days the market was quiet, but I expect a breakout.
I lost a big chunk in a lot of coins lately as well... came into the hype... but have full faith that fantastic things will happen!
What's PPT?
Buy steem and power up and stick with it. You should know that from day one.
I think Steem at the moment is overvalued, it's the only coin that I am in good ROI now and it didn't had a correction yet. This is partly because the funds are locked but that doesn't stop whales from powering down and selling later. I think a Steem correction is inevitable, especially around the August 1 event.
I will buy more Steem after August 1st, at the moment I am powering down into BTC.
Interesting view point. I was just joking with my comment. I know that you are experienced trader. I'm amateur with crypto. Steem on my friend.
Well I am doing my best. I certainly look like a sucker after the recent events, and the altcoin pop. But I am still up YTD, miraculously but I am still up since january.
But I gave back a lot of profits in the recent correction so I am very unhappy about that.