RE: RE: A Quick Look at an Early Working Prototype of the Upcoming Hive.Loans Account as Collateral Community Lending Pool!
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RE: A Quick Look at an Early Working Prototype of the Upcoming Hive.Loans Account as Collateral Community Lending Pool!

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6y

Oh, that’s right. I forgot they won’t be able to transfer funds once the keys are changed.

What happens if the account and recovery account are both in on the scam?

For instance,

  1. An account request a loan
  2. The keys are changed
  3. Liquid Hive is send to the account
  4. The account changes back their keys using the recovery account system
  5. They send those liquid funds to an exchange and have retaken over their original account.
@sepracore: Oh, that’s right. | Ecency