NANO Team is Being Sued! Is NANO Dead?

SuperTA

sr. member

Activity: 406

Merit: 301

Quote from: o_e_l_e_o on April 08, 2018, 05:27:52 AM

This is nonsense. Nano and its dev team did nothing wrong. BitGrail (the exchange) was hacked, not Nano itself. It sounds like someone was stupid enough to store their coins on an exchange instead of in a private wallet, and is now going after Nano as an easier target (US based) than BitGrail (Italian).

This would be like trying to sue Bitcoin because of Mt Gox. Or suing Audi because I bought an Audi from a second-hand dealership and it had a worn out clutch. Or suing Rolex after my Rolex was stolen from a safety deposit box at my bank. It is utter nonsense and will go nowhere.

Many buyers on Bitgrail exchange couldn't withdraw their Nano's. So i wouldn't call them stupid. Bitgrail exchange didn't like much withdrawing from their exchange.

hase0278

hero member

Activity: 882

Merit: 544

Quote from: CryptoMedication on April 08, 2018, 04:19:37 AM

Guys! Look at this article that I found that was posted on cryptoslate.

People are saying that this means that NANO is going to die and that the project is over. Do you all agree? Why or why not?

I think that this is all FUD and that NANO will live forever. But also if they lose the lawsuit then this could result in them losing everything.

Here's the link to the article that I saw that first explained it all to me: https://cryptoslate.com/nano-lawsuit/

All I have to say is... WOW

Never a dull moment in cyrptocurrency

Don't just say WOW, rebuy if you want too since NANO is not dead and if ever they have defended themselves well in that lawsuit, I am sure price will somehow increase. They should have had listed in a better exchange though, they might have had avoided facing lawsuit because of some idiots if they have done that since the start. If they lose the lawsuit(which is unlikely), get ready to dump to your nano.

butka

full member

Activity: 434

Merit: 246

Quote from: PsylockReborn on April 08, 2018, 06:02:42 AM

Possibly this is the death of NANO if they lose the case. There were blunders made on both sides. On the part of NANO team they let their investors use wallets from Bitgrail instead of a hard wallet for security. On Bitgrail's part their security as well is not that tight when it comes to this kinds of issues regarding online theft or hacks.

I don't see how this can be NANO's blunder. People who use the currency are solely responsible with whom they entrust their coins. I don't see how NANO should be held responsible for the decision what wallet people prefer to use. No one can or should enforce people to use certain types of wallets vs others.

GayOfThrones

full member

Activity: 479

Merit: 103

The fact of suing Nano for something which happened on an Exchange is surreal, it is like to sue the US Dollar and the Federal Reserve if a bank gets robbed in Italy.

arpon11

sr. member

Activity: 882

Merit: 282

Why should nano team put this kind of capital and effort and killed it again! I think we have to start ignore must of this article that they aim is purely to create panic selling. We should not fall into they deception any more. People are emotional and little things move them to sell at lost.

Arwinkim

member

Activity: 266

Merit: 10

NANO is a good project but unfortunately around $150M has been stolen from investors. According to news I read, NANO did nothing wrong. Only Bitgrail has vulnarable system that can comprimised by illegal hackers. If NANO can overcome this problem, better bag more NANO.

ceferov

full member

Activity: 504

Merit: 101

Stupid bitgrail team was hacked. And some idiots sued Nano team. Nano team ahs nothing to do with exchange hack. And it's good that you creating FUD around one of the best projects and decreasing it's price for buying

I will buy Nano on this FUD

o_e_l_e_o

legendary

Activity: 2268

Merit: 18711

Quote from: nelson4lov on April 09, 2018, 05:00:33 PM

The Nano hack is too big an event to leave out especially now that bitgrail exchange is insisting the hack is due to an issue in the nano protocol.

BitGrail have always claimed that as a way to try to save themselves. There is zero proof that there was an issue in the Nano protocol. I still wouldn't be surprised if the BitGrail "hack" turned out to be an insider job or an exit scam on the part of Bomber/Francesco Firano. The lawsuit against BitGrail should be supported in full; the lawsuit against Nano is nonsense.

nelson4lov

hero member

Activity: 2212

Merit: 805

Top Crypto Casino

Coins with negative and bad press releases don't do so well around here. Any bit of negativity around it can lead to a serious dump. Take a look at Centra. The moment The news about SEC arresting the founders gave way to a powerful dump all the way from $0.79 to around $0.05. The Nano hack is too big an event to leave out especially now that bitgrail exchange is insisting the hack is due to an issue in the nano protocol.

logan16j

member

Activity: 252

Merit: 10

Quote from: CryptoMedication on April 08, 2018, 04:19:37 AM

Guys! Look at this article that I found that was posted on cryptoslate.

People are saying that this means that NANO is going to die and that the project is over. Do you all agree? Why or why not?

I think that this is all FUD and that NANO will live forever. But also if they lose the lawsuit then this could result in them losing everything.

Here's the link to the article that I saw that first explained it all to me: https://cryptoslate.com/nano-lawsuit/

All I have to say is... WOW

Never a dull moment in cyrptocurrency

I know NANO is a very potential project and has the potential to grow tremendously in the future due to its excellent application to the reality of human life. At present NANO's prices are very low and are still falling slightly due to the current market is in crisis and the price of bitcoin is constantly decreasing, causing the price of altcoin is greatly affected.

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

As others have said and I will reconfirm, this suit is trying to blame nano fo Bitgrail being hacked --obviously something which they have no control over. So this suit is going to be thrown out wildly fast, it has nothing which the NANO team has anything to do with and could control.

Nice try at trying to scare people though. NANO is not dead people.

PsylockReborn

member

Activity: 420

Merit: 24

Quote from: o_e_l_e_o on April 08, 2018, 06:20:15 AM

Quote from: PsylockReborn on April 08, 2018, 06:02:42 AM

Quote from: CryptoMedication on April 08, 2018, 04:19:37 AM

Guys! Look at this article that I found that was posted on cryptoslate.

People are saying that this means that NANO is going to die and that the project is over. Do you all agree? Why or why not?

I think that this is all FUD and that NANO will live forever. But also if they lose the lawsuit then this could result in them losing everything.

Here's the link to the article that I saw that first explained it all to me: https://cryptoslate.com/nano-lawsuit/

All I have to say is... WOW

Never a dull moment in cyrptocurrency

Possibly this is the death of NANO if they lose the case. There were blunders made on both sides. On the part of NANO team they let their investors use wallets from Bitgrail instead of a hard wallet for security. On Bitgrail's part their security as well is not that tight when it comes to this kinds of issues regarding online theft or hacks.

I know that they are blaming each other when this issue happened. I just don't understand why not do the best remedy (Hard Fork) on the NANO team to regain their loss so that investors will get back all their stolen NANOs. We really don't know the reason behind this scenario, hoping there's no sabotage happening during that time.

It would be nice if investors will be refunded from their lost NANOs. We just have to wait for the final verdict of the case between Bitgrail and the NANO team.

You are wrong. The Nano team made no blunders. The Nano team did not force anyone to use BitGrail, and bare no responsibility for their security. BitGrail also traded BTC, ETH, LTC and a bunch of other coins. Should we hold all of them responsible too?

Also, why should Nano devs hardfork their coin to fix someone else's mistake? Hey, I made a bad trade the other day and lost some Nano, can you hardfork to recover my losses? Nonsense.

The BitGrail team should be sued, and I hope everyone who lost money to those scumbags gets it back, but this has nothing to do with Nano or their devs, and the lawsuit against them will fail.

We are not talking about bad trade in here. Bitgrail got hacked and the owner is very much willing to cooperate to bring back the hacked NANO and its not just a very small amount of money that we are talking about. If there's anything that can be done on the side of NANO team that could help the situation then why not do it? That is why there's a lawsuit against them for not cooperating with the situation. I guess lawyers from Bitgrail are not dumb enough to file a case and spend some money just to lose it. NANO team should have also consider that its not a small amount of money and lots of people's money are involve in here. You can't just say that NANO team has no blunders. Sometimes doing nothing to help out is already a blunder.

Leonard2016

hero member

Activity: 1036

Merit: 520

I believe in NANO for long term , It has a great idea that use a blockchain but zero fee , it uses the sender computer as aminer to confirm the transaction so that it doesn't need miners!
The idea is great , I'm hopeful about it for long term.

boboking

member

Activity: 224

Merit: 19

Quote from: o_e_l_e_o on April 08, 2018, 06:20:15 AM

Quote from: PsylockReborn on April 08, 2018, 06:02:42 AM

Quote from: CryptoMedication on April 08, 2018, 04:19:37 AM

Guys! Look at this article that I found that was posted on cryptoslate.

People are saying that this means that NANO is going to die and that the project is over. Do you all agree? Why or why not?

I think that this is all FUD and that NANO will live forever. But also if they lose the lawsuit then this could result in them losing everything.

Here's the link to the article that I saw that first explained it all to me: https://cryptoslate.com/nano-lawsuit/

All I have to say is... WOW

Never a dull moment in cyrptocurrency

Possibly this is the death of NANO if they lose the case. There were blunders made on both sides. On the part of NANO team they let their investors use wallets from Bitgrail instead of a hard wallet for security. On Bitgrail's part their security as well is not that tight when it comes to this kinds of issues regarding online theft or hacks.

I know that they are blaming each other when this issue happened. I just don't understand why not do the best remedy (Hard Fork) on the NANO team to regain their loss so that investors will get back all their stolen NANOs. We really don't know the reason behind this scenario, hoping there's no sabotage happening during that time.

It would be nice if investors will be refunded from their lost NANOs. We just have to wait for the final verdict of the case between Bitgrail and the NANO team.

You are wrong. The Nano team made no blunders. The Nano team did not force anyone to use BitGrail, and bare no responsibility for their security. BitGrail also traded BTC, ETH, LTC and a bunch of other coins. Should we hold all of them responsible too?

Also, why should Nano devs hardfork their coin to fix someone else's mistake? Hey, I made a bad trade the other day and lost some Nano, can you hardfork to recover my losses? Nonsense.

The BitGrail team should be sued, and I hope everyone who lost money to those scumbags gets it back, but this has nothing to do with Nano or their devs, and the lawsuit against them will fail.

I agree this is non sense. It is like suing the us dollars when your dollars was robbed in the bank.

I can not imagine on nano team to lose this battle. What they should do is ask bitgrail to help them identify the hackers. More and more exchange are getting hacked. They should take customer security the top priority.

o_e_l_e_o

legendary

Activity: 2268

Merit: 18711

Quote from: PsylockReborn on April 08, 2018, 06:02:42 AM

Quote from: CryptoMedication on April 08, 2018, 04:19:37 AM

Guys! Look at this article that I found that was posted on cryptoslate.

People are saying that this means that NANO is going to die and that the project is over. Do you all agree? Why or why not?

I think that this is all FUD and that NANO will live forever. But also if they lose the lawsuit then this could result in them losing everything.

Here's the link to the article that I saw that first explained it all to me: https://cryptoslate.com/nano-lawsuit/

All I have to say is... WOW

Never a dull moment in cyrptocurrency

Possibly this is the death of NANO if they lose the case. There were blunders made on both sides. On the part of NANO team they let their investors use wallets from Bitgrail instead of a hard wallet for security. On Bitgrail's part their security as well is not that tight when it comes to this kinds of issues regarding online theft or hacks.

I know that they are blaming each other when this issue happened. I just don't understand why not do the best remedy (Hard Fork) on the NANO team to regain their loss so that investors will get back all their stolen NANOs. We really don't know the reason behind this scenario, hoping there's no sabotage happening during that time.

It would be nice if investors will be refunded from their lost NANOs. We just have to wait for the final verdict of the case between Bitgrail and the NANO team.

You are wrong. The Nano team made no blunders. The Nano team did not force anyone to use BitGrail, and bare no responsibility for their security. BitGrail also traded BTC, ETH, LTC and a bunch of other coins. Should we hold all of them responsible too?

Also, why should Nano devs hardfork their coin to fix someone else's mistake? Hey, I made a bad trade the other day and lost some Nano, can you hardfork to recover my losses? Nonsense.

The BitGrail team should be sued, and I hope everyone who lost money to those scumbags gets it back, but this has nothing to do with Nano or their devs, and the lawsuit against them will fail.

PsylockReborn

member

Activity: 420

Merit: 24

Quote from: CryptoMedication on April 08, 2018, 04:19:37 AM

Guys! Look at this article that I found that was posted on cryptoslate.

People are saying that this means that NANO is going to die and that the project is over. Do you all agree? Why or why not?

I think that this is all FUD and that NANO will live forever. But also if they lose the lawsuit then this could result in them losing everything.

Here's the link to the article that I saw that first explained it all to me: https://cryptoslate.com/nano-lawsuit/

All I have to say is... WOW

Never a dull moment in cyrptocurrency

Possibly this is the death of NANO if they lose the case. There were blunders made on both sides. On the part of NANO team they let their investors use wallets from Bitgrail instead of a hard wallet for security. On Bitgrail's part their security as well is not that tight when it comes to this kinds of issues regarding online theft or hacks.

I know that they are blaming each other when this issue happened. I just don't understand why not do the best remedy (Hard Fork) on the NANO team to regain their loss so that investors will get back all their stolen NANOs. We really don't know the reason behind this scenario, hoping there's no sabotage happening during that time.

It would be nice if investors will be refunded from their lost NANOs. We just have to wait for the final verdict of the case between Bitgrail and the NANO team.

o_e_l_e_o

legendary

Activity: 2268

Merit: 18711

This is nonsense. Nano and its dev team did nothing wrong. BitGrail (the exchange) was hacked, not Nano itself. It sounds like someone was stupid enough to store their coins on an exchange instead of in a private wallet, and is now going after Nano as an easier target (US based) than BitGrail (Italian).

This would be like trying to sue Bitcoin because of Mt Gox. Or suing Audi because I bought an Audi from a second-hand dealership and it had a worn out clutch. Or suing Rolex after my Rolex was stolen from a safety deposit box at my bank. It is utter nonsense and will go nowhere.

CryptoMedication

newbie

Activity: 16

Merit: 0

Guys! Look at this article that I found that was posted on cryptoslate.

People are saying that this means that NANO is going to die and that the project is over. Do you all agree? Why or why not?

I think that this is all FUD and that NANO will live forever. But also if they lose the lawsuit then this could result in them losing everything.

Here's the link to the article that I saw that first explained it all to me: https://cryptoslate.com/nano-lawsuit/

All I have to say is... WOW

Never a dull moment in cyrptocurrency

Topic: NANO Team is Being Sued! Is NANO Dead? (Read 203 times)