Here's the statement of Wang Kui (Main developer of smartBCH) in smartBCH Telegram Group about smartBCH 1. Yes, the cross-chain BCHs are safe. 2. I am not sure about flexUSD's safety. Still talking with Mark Lamb about this. 3. Yes. We must try out best to speed up sha-gate. 4. The BCH on smartBCH is released from 0x8c4F85ec71C966e45A6F4291f5271f8114a7Ba15, which has released out 101679.09 BCH. And this 101679.09 BCH is owned by the smartBCH side chain's normal accounts and smart contract address. Most of the cross-chain UTXOs are contained in the address 18rP7bbiLiqVnFs47Hin2q1Fhb6SuMAdVo (a cold wallet), which has 101382.3 BCH. And some of the cross-chain UTXOs are contained in hot wallets, whose amount X is unknown now. The smartBCH burning address on BCH main chain is 1SmartBCHBurnAddressxxxxxxy31qJGb, which has 269.639 BCH. We have the equation 101382.3+X+269.639 = 101679.09. It means X = 27.15. Since the hot wallets only have 27.15 BCH, I think their risk is low. The 0x8c4F85ec71C966e45A6F4291f5271f8114a7Ba15 and 18rP7bbiLiqVnFs47Hin2q1Fhb6SuMAdVo addresses are maintained by FireBlocks. I believe they are quite safe. Links: - https://t.me/smartbch_community/99252 - https://t.me/smartbch_community/99253 - https://t.me/smartbch_community/99254 - https://t.me/smartbch_community/99255
5 comments
One thing for sure that everyone are now aware and pretty explaine and clear for nothing to worry
Komusta kaya si mark l. Ok lang kaya nadarama nya ahahha
Ahaha xD grabe mag isip Pero concern siya ✌️
Diko type yun ahaha wala ng flex e 😂
Thanks for sharing this. Gives some hope.