Pure robbery
Apparently someone was able to create wLEO from nothing. And started to drain the liquidity pool by dumping that wLEO and transferring ETH to wallets and exchanges. This completely crashed the price of wLEO on Uniswap. This was a hack and a robbery at the same time. Around 300 ETH disappeared and wLEO is left behind without value...
How was this possible? Is it just that simple to create tokens from thin air and make them look like the real deal? Or is this a lack of security on behalf of Uniswap?
Important questions on which the future of leofinance depends!
Sincerely,
Pele23
LEO however still has value against HIVE. I exchanged recently some 311 LEO for about 270 HIVE. I was thinking that WLEO determines the price of LEO, but it seems things aren't this way and if you hold LEO tokens you can still trade them for HIVE. I hope though that this situation will solve, that the price of WLEO will recover and even see WLEO listed on more exchanges.
I have not even smallest doubt all will get fixed, and LEO will prosper as most of us were expecting. This incident will just slow down the run for some time, at the same time giving the community to show it's strength and persistance. LEO will justify it's name for sure.
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나는 규칙을 지켰다. 크립토에 대한 글을 썼다. 그러나 너는 반대표를 했다. 취소하라.
Posted Using LeoFinance Beta