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RE: [WARNING] Poloniex BTS Hot Wallet is empty; Do they have the keys to their cold storage?

in #bitshares7 years ago

093c / BTS2.0 upgrade may have nuked their cold storage. Or perhaps they have lost their keys. No matter the case, if they cannot access the cold storage they will have to start buying BTS on the open market to fund withdrawals... BTS moon shot would be the result.

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It certainly could, however given that it's still an active trading pair on poloniex we may see panic sellers trying to flee non-existent bts on the poloniex exchange - bad for trading value in the short term.

Wow this is pretty scary. Wonder if these companies have regulatory control.

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