You are viewing a single comment's thread from:

RE: Sharing Article: Binance may have accidentally burnt $40 million in SegWit migration

in #busy5 years ago

Thanks for sharing this. It amazing how people still misunderstand how segwit works.
bc1 and 3 don't mean segwit it just a common standard.
if you send btc by bech32 to a nonbech32 readable wallet no problem. Just switch wallets.
A better theory would be the bech32 address were timelocked somehow and funds were locked not lost.
That or the Bitcoin sent to wron address theory.
I surprised they even wanted segwit so I really doubt this news. Jihan and Roger are both investors in Binance so segwit support sounds like a dream.
Either way you can put the doubt to rest now:

Update 9/5/2019: The coins are actually being spent so it's probably safe to disregard this theory. We now return you to your regularly scheduled $40 million crypto heis

Now the bigger question is was this an inside job? Could use this excuse to subsidise lost bitcoin with their own token(liking putting water into milk).
Bc this bitcoin is now blacklisted...
I agree this situation does not seen right at all along with the fact CZ wanted rollback. Other exchange got hacked but when he suggest changing the chain?
eww...

Posted using Partiko Android

Sort:  

Thanks for sharing information without making me feel dumb. :) I actually understood what you said and people in crypto tend to be so quick to declare everyone else idiots.

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.032
BTC 59241.52
ETH 2989.75
USDT 1.00
SBD 3.71