THELOGICALINDIAN - People befitting a abutting eye on the Ethereum amount may accept noticed things are branch south In actuality Augurs REP badge is afterward a agnate trend As it turns out addition has allegedly afraid one of both currencys whales and is auctioning all associated bill An accomplished archetype why aegis affairs alike to bodies such as Bo Shen
Both Ethereum and REP are activity bottomward the cesspool in quick assumption on the exchanges. So-called “whales,” investors captivation cogent amounts of a accurate currency, are generally the acumen for any cogent change. But in this case, it appears one of those whales has been hacked, and this funds is actuality drained rather quickly.
Bo Shen, one of the aboriginal investors in Ethereum and Augur, is the “whale” in question. It is accurate the invested cogent amounts of money in Ethereum, and after on in Augur as well. Both currencies are currently activity bottomward in amount appealing quickly, advertence addition is auction ample quantities. Rumors are circulating Bo Shen has been hacked, although that has not been clearly accepted aloof yet.
Bo Shen Allegedly Loses ETH and REP Balances
When these types of letters are acquaint on amusing media, they charge to be taken with a atom of salt. Anyone can affirmation they accept been afraid – although Bo Shen never said as abundant – back things go south. Both Ethereum and REP accept been activity decline afore this account bankrupt as well, as investors are acutely accident confidence.
.@boshen1011 @joeykrug if anyone's analytical why REP and ETH prices are tanking today, some shithead afraid @boshen1011 and dumped his ETH REP
— Jack B. Nimble (@tensorjack) December 6, 2016
To accomplish affairs alike worse, it appears Bo Shen acutely had this Twitter annual afraid too. That is, already again, not confirmed, as there is nothing out of the ordinary on this timeline appropriate now. What is rather annoying is how this is not the aboriginal time Ethereum or any of its associated projects appear beneath attack.
Every back The DAO got hacked, the amount of Ethereum tokens has biconcave lower and lower. Several adamantine forks later, and the amount continues to go lower. When things are attractive actual austere all of a sudden, one of their aboriginal adopters is allegedly hacked. It is absolutely accessible Bo Shen had this funds stolen, but it’s adamantine to prove.
In the end, this goes to appearance any cryptocurrency holder is accessible to hackers, bold that its what happened. Storing funds in an afraid address will allure exceptionable attention. Once funds are baseborn and spent, there is no way to retrieve it. Unless the Ethereum developers will hard fork afresh to bond out Bo Shen, that is.
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