RE: RE: ⚠️A few Hive and GLS community members colluded to steal more than 250k USD // Biggest theft since Justin// The GLS exploit explored
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RE: ⚠️A few Hive and GLS community members colluded to steal more than 250k USD // Biggest theft since Justin// The GLS exploit explored

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4y

Well, I think this is again a biased thing caused by gank and here is the reasoning:

  1. If the price was pumped up, who pumped it down? This is the main question, as they burned the GLX and it did not flood back the market.

  2. If 4 people managed to increase to 250k the value, with roughly 40k -50k, it means that there is not enough adoption and not enough liquidity on the market, so this is a trade, not an exploit. But again, who managed to bring it back down? Was it a few users who started dumping and due to low availability it crashed?

  3. Most investors got a devaluation of their tokens, only because of the packs that have been generated. I'm also a holder, not top100. This is a risk, as there is no ripe economy behind and no game.

  4. The same would happen to Hive or any other asset, if there wouldn't be a huge market cap for it.

This is my view on this. I don't defend them, but also don't blame them. I know a lot of people who blamed them, as they lost asset value, but did the same on other market opportunities.

I'm open to a fine debate, if I'm wrong on some points.

@alexvan: Well, I think | Ecency