Topic: [2016-08-01] themerkle.com-Coinbase CEO Brian Armstrong States The Company ... (Read 277 times)
August 01, 2016, 08:42:49 PM
Well I guess it is good news that the CEO has said that everything is OK. It would still be nice though to get the cold wallet addresses so that everyone can check for themselves and verify that they do indeed have the funds they say that they do.
August 01, 2016, 08:33:01 PM
Coinbase CEO Brian Armstrong States The Company Can Cover All User Deposits
Over the past few days, there have been some shreds of evidence regarding a potential solvency issue for Coinbase. The popular exchange platform has been distributing pre-hard fork Ethereum coins to buyers, which makes them eligible for an equivalent value in Ethereum Classic. Some people felt this was an exploit that would end up costing Coinbase money, but those claims may have been overstated.
The Ethereum replay attack vector has proven to be of grave concern to various cryptocurrency exchanges. Funds located in cold storage that came in before the Ethereum hard fork is technically the property of the user. However, ever since Ethereum Classic came around, there has been a question as to who owns these “new” coins.
READ MORE >>> http://themerkle.com/coinbase-ceo-brian-armstrong-states-the-company-can-cover-all-user-deposits/
Over the past few days, there have been some shreds of evidence regarding a potential solvency issue for Coinbase. The popular exchange platform has been distributing pre-hard fork Ethereum coins to buyers, which makes them eligible for an equivalent value in Ethereum Classic. Some people felt this was an exploit that would end up costing Coinbase money, but those claims may have been overstated.
The Ethereum replay attack vector has proven to be of grave concern to various cryptocurrency exchanges. Funds located in cold storage that came in before the Ethereum hard fork is technically the property of the user. However, ever since Ethereum Classic came around, there has been a question as to who owns these “new” coins.
READ MORE >>> http://themerkle.com/coinbase-ceo-brian-armstrong-states-the-company-can-cover-all-user-deposits/
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